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Rand rides Mboweni wave-but strong dollar remains a threat
October 10, 2018--The local currency gained 1.8% against the greenback on Tuesday, an indication of positive market reaction to the announcement that the former SA Reserve Bank governor had been named finance minister.
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Source: FIN24
Naspers leads losses on the blue-chip index
October 10, 2018--The bearish sentiment in Tencent has not spared Naspers on the JSE which is also under a sharp sell-off. In today's session Naspers slumped 6.47% to close at R2656.98 per share.
October 9, 2018--The rand touched R15/$ on Tuesday afternoon, amid continuing uncertainty over the fate of SA's Finance Minister Nhlanhla Nene and a marginally stronger dollar.
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Source: FIN24
JSE closes flat as Tito Mboweni is named new finance minister
October 9, 2018--President Cyril Ramaphosa announced that Tito Mboweni would replace Nhlanhla Nene as finance minister towards the close of the local bourse.
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Source: FIN24
Rand could weaken to under R15/$ if Nene resigns, say analysts
October 8, 2018--News24 reported earlier on Monday that Nene asked President Cyril Ramaphosa to relieve him of his duties in the wake of his testimony at the Zondo Commission of Inquiry that he met multiple times with the Gupta family.
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Source: FIN24
JSE closes week in the red after heavy week of data releases
October 5, 2018--Equity markets ended weaker this week as the JSE continues to fail to find a bid.
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Source: FIN24
Rand weakens in early trade as strong dollar keeps pressure on
October 4, 2018--Positive economic data out of the US and a strong dollar have put the rand on the bank foot.
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Source: FIN24
JSE closes weaker after a flat start
October 3, 2018--The bears continued to win the battle on the local equities markets, with the rand trading flat against the US dollar.
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Source: FIN24
Africa's Pulse in Five Charts: Boosting Productivity in Sub-Saharan Africa October 2018
October 3, 2018--This issue of Africa's Pulse suggests that the economic recovery of Sub-Saharan Africa continues but at a slower pace than expected. To accelerate and sustain an inclusive growth momentum, policy makers must continue to focus on investments that foster human capital, reduce resource misallocation and boost productivity.
Finally, policies to manage the new risks arising from changes in the composition of capital flows and debt should be at the top of the macroeconomic policy agenda.
Here are the top five highlights from the October 2018 issue:
1. Growth in Sub-Saharan Africa has picked up in 2018 but at a slower pace.
Average growth in the region is estimated to have risen from 2.3 percent in 2017 to 2.7 percent in 2018, barely keeping up with population growth. Incoming data points to a bumpy ride on the road to recovery.
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Source: World Bank
Rand slips as US reaches trade agreement with Canada, Mexico
October 2, 2018--The US dollar is trading stronger as the US and Canada have reached a trade agreement, signaling a possible slide in the rand.
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Source: FIN24