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Africa: Magufuli Reveals 'Strange' Conditions Set By Investors for African Countries
June 13, 2019--Tanzania President John Pombe Magufuli has lifted the lid on some of the strange conditions given to African leaders by investors while negotiating development projects.
The no-nonsense leader spoke while addressing stakeholders in Dar es Salaam. He said that some of these conditions could only appeal to a "madman".
"Imagine someone telling you that I will build you a port but on a condition you will not be allowed to construct or develop any other port in the country for a specified period."
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Source: allafrica.com
Markets WRAP: Rand closes at R14.89/$
June 13, 2019--TreasuryONE said earlier that the rand had lost all of its gains and opened far weaker on Thursday morning while Peregrine Treasury Solutions's Bianca Botes said that US President Donald Trump was fuelling currency jitters yet again.
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Source: FIN24
Markets WRAP: Rand closes at R14.8068/$
June 12, 2019--The rand closed at R14.8068/$ on Wednesday.
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Source: FIN24
Rand holds steady as JSE advances
June 11, 2019--Global equity markets have continued to rally on Tuesday as the Bank of China stepped in to provide liquidity in the Chinese market.
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Source: FIN24
Markets WRAP: Rand closes at R14.78/$
June 10, 2019--The rand strengthened by more than a percent on Monday and closed at R14.78/$, having opened at R14.90.
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Source: FIN24
Markets WRAP: Rand closes at R14.91/$
June 7, 2019--The rand closed at R14.91/$ on Friday, having broken through R15/$ earlier in the week for the first time in eight months.
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Source: FIN24
Markets WRAP: Rand closes at R14.98/$
June 6, 2019--TreasuryONE said earlier that the rand was the weakest EM currency this week.
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Source: FIN24
Markets WRAP: Rand ends the day at over 1% weaker at R14.89/$
June 5, 2019--The local unit which opened at R14.65/$ closed 1.6% weaker to end the day at R14.89/$.
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Source: FIN24
South Africa: Economy Contracts By 3.2 Percent in the First Quarter
June 4, 2019--Statistician General Risenga Maluleke says the country's Gross Domestic Product (GDP) contracted by 3.2% in the first quarter of 2019.
Speaking at the release of the GDP results for the first quarter of 2019, Maluleke on Tuesday said this was largely due to the mining and quarrying and manufacturing industries being negative contributors to growth quarter-on-quarter
The manufacturing industry decreased by 8.8% and contributed -1.1 percentage points to the GDP.
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Source: allafrica.com
Markets WRAP: Rand closes at R14.68/$
June 4, 2019--TreasuryONE said previously that the rand was in for a volatile week.
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Source: FIN24
