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JSE closes weaker as IMF cuts SA's growth forecast
April 10, 2019-The JSE closed weaker on Tuesday as it tracked other global markets lower following the International Monetary Fund's downward revision of its global growth forecast.
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Source: FIN14
Markets WRAP: Rand closes at R13.96/$
April 10, 2019--The day's range was between R13.91 and R14.09.
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Source: FIN24
Markets Wrap: Rand closes at R14.13/$
April 9, 2019--The UK currency is up Monday and a gauge of expected short-term sterling volatility is near a two-week low, showing there's little panic even as the April 12 exit date draws closer.
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Source: FIN24
Nigeria: Stock Market Sheds N547 Billion As Investors' Appetite Remains Weak
April 8, 2019--The Nigerian equities market sustained its downward trend, recording the largest single week decline since September 2018. Despite an increase in value and volume trading, the Nigerian Stock Exchange (NSE) depreciated by 4.6 per cent to close at 29,616.38, while market capitalisation shed N547 billion to close N11.124 trillion.
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Source: allafrica.com
Markets Wrap: Rand closes at R14.13/$
April 8, 2019--The UK currency is up Monday and a gauge of expected short-term sterling volatility is near a two-week low, showing there's little panic even as the April 12 exit date draws close
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Source: FIN24
JSE inches higher as resources rally
April 8, 2019--Trading on the JSE got off to a lukewarm start as the local bourse traded mostly flat on Monday.
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Source: FIN24
World Bank-Taking the Pulse of Africa's Economy
April 8, 2019--The growth story in Sub-Saharan Africa in the past few years has been one of faltering recovery from the worst economic crisis of the past two decades. This remains the case according to the April 2019, 19th edition of Africa's Pulse, which estimates GDP growth in 2018 at a lower-than-expected 2.3%, with a forecast to 2.8% in 2019.
The report notes that the three largest African economies-Nigeria, Angola and South Africa-play a big role in the region's growth. While Nigeria grew faster in 2018 than in 2017, thanks to a modest pick-up in the non-oil economy, growth remained below 2%.
view the World Bank-Africa's Pulse, No. 19, April 2019: An Analysis of Issues Shaping Africa's Economic Future
Source: World Bank
US jobs report lifts global stocks
April 5, 2019--The JSE has closed firmer as it was inspired by US markets which attempted to reach new all-time highs thanks to a better than expected US jobs report.
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Source: FIN24
Africa Eyes U.S.$1 Trillion in Private Equity Deals
April 4, 2019--The African continent is set for a major shift in Private Equity investment trends after a major announcement was made in Nairobi this week.
During the 16th annual African Private Equity and Venture Capital Association (AVCA) conference, fund managers from around the globe, mainly the US and European markets said they are ready to deploy up to US$1 trillion for investment in the continent.
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Source: allafrica.com
Local bourse closes softer as markets seek direction
April 4, 2019--The JSE closed weaker on Thursday as markets paused while awaiting fresh clues from the ongoing trade talks between China and the USA.
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Source: FIN24