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Nigeria: GDP Growth Slows As Oil Sector Contracts
May 21, 2019--Nigeria's economic growth slowed as it recorded a gross domestic product (GDP) of 2.01 per cent in the first quarter of 2019, compared to the 2.38 per cent recorded in the previous quarter (Q4 2018), the National Bureau of Statistics (NBS) said on Monday.
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Source: allafrica.com
Markets WRAP: Rand closes at R14.38/$
May 21, 2019--The rand ended the day at R14.38 to the greenback.
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Source: FIN24
JSE closes softer after muted trading session
May 21, 2019--The JSE traded mostly flat on Tuesday as it struggled for direction following a mixed trading session in Asia.
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Source: FIN24
Zimbabwe: Economy 'Pronounced Dead', Set to Contract 20 Percent in 2019
May 20, 2019-- Zimbabwe, once a prosperous agricultural economy in the southern subregion of the African continent, finds itself in an economic free fall, the latest data shows.
The ongoing currency crisis, uncertainty over property rights, and corruption continue to pose a problem, as the nation is seeking to re-emerge from decades of economic mismanagement.
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Source: allafrica.com
Markets WRAP: Rand closes at R14.4236/$
May 20, 2019--US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry.
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Source: FIN24
Markets WRAP: Rand closes at R14.40/$
May 17, 2019--The day's range was between R14.28 and R14.41.
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Source: FIN24
Nigeria: NSE Halts Bearish Trend, Amid MTN Nigeria Listing
May 17, 2019--The Nigerian Stock Exchange (NSE) on Thursday halted nine consecutive days bearish trend following the listing of MTN Nigeria Communications Plc 20.35 billion shares at N90 per share.
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Source: allafrica.com
JSE inches higher as global stocks rise
May 16, 2019--Despite gains being relatively mild, most of the equity indices managed to hang on to these gains to end the day firmer. In Asia the Shanghai Composite Index closed 0.45% firmer while the Hang Seng closed flat after only adding 0.02%.
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Source: FIN24
Markets WRAP: Rand closes at R14.23/$
May 16, 2019--TreasuryONE said earlier that the news that US President Donald Trump would delay auto tariffs boosted markets.
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Source: FIN24
JSE resumes downtrend
May 15, 2019--The relief recorded across most of the major global indices in the prior session seemed to have been short lived, as pressure mounted across most of the indices except for Asia where markets traded mostly firmer.
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Source: FIN24