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Markets WRAP: Rand closes at R13.76/$
February 12, 2019--Andre Botha, Senior Dealer at TreasuryONE said, "The rand stepped on the proverbial banana peel yesterday, as it slipped back to the R13.80 levels against the US dollar."
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Source: FIN24
Nigeria's GDP Grows By 2.38% in Q4 2018
February 12, 2019--The Nigeria's Gross Domestic Product, GDP grew by 2.38 percent in real terms (year on year) in the fourth of 2018, the National Bureau of Statistics, NBS has said.
In its quarterly report released on Tuesday, the bureau said the growth represents an increase of 0.27% points, when compared to the fourth quarter of 2017, which recorded a growth rate of 2.11%.
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Source: allafrica.com
JSE inches higher as Chinese markets reopen
February 11, 2019--Concerns still linger around global economic growth which has resulted in demand for less riskier assets such as bonds and the US dollar surging.
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Source: FIN24
Markets WRAP: Rand closes at R13.77/$
February 11, 2019--TreasuryONE said earlier that emerging market currencies started the day on the back foot and that the rand was likely to come under pressure.
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Source: FIN24
AFDB-African Economic Outlook 2019
February 11, 2019--This year's African Economic Outlook from the African Development Bank shows that the continent's general economic performance continues to improve.
Gross domestic product reached an estimated 3.5 percent in 2018, about the same as in 2017 and up from 2.1 percent in 2016. Africa's GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020.
But even that growth is not fast enough to address persistent fiscal and current account deficits and unsustainable debt. Indeed, countries have to move to a higher growth path and increase the efficiency of growth in generating decent jobs.
view the AFDB-African Economic Outlook 2019
Source: African Development Bank
Markets WRAP: Rand ends at R13.58/$
February 8, 2019--At 17:00 on Friday the local currency was trading 0.2% stronger against the dollar.
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Source: FIN24
JSE retreats as US-China trade talks stall
February 8, 2019--The lack of progress with the US-China trade talks further heightened investors' concerns on Friday which led to most global stock indices trading weaker.
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Source: FIN24
Africa: Continent's Free Trade Zone Is 'On Course'
February 8, 2019--Africa is trading-just not within the continent. The African Union wants to change this and launch the world's largest free trade area. The plan has potential, but some member states are keeping the AU in suspense.
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Source: allafrica.com
Markets WRAP: Rand closes at R13.62/$ ahead of SONA
February 7, 2019--TreasuryONE said earlier that emerging market currencies started the day on the backfoot
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Source: FIN24
Upbeat global sentiment continues to lift the JSE
February 6, 2019--The JSE advanced on Wednesday as global markets remained upbeat on the back of a corporate earnings releases out of the US.
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Source: FIN24
