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Rand on front foot as currency firms to under R14.50/$
October 12, 2018--The rand strengthened almost 1.5% against the dollar in early trade as the US currency continued its slide on poor inflation data.
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Source: FIN24
Relief for global stocks sees JSE close firmer
October 12, 2018--Tencent Holdings which has broken stock market records on the course of its sell-off over the past couple of weeks, ricocheted to close 8.01% higher.
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Source: FIN24
IMF-Sub-Saharan Africa Regional Economic Outlook: Capital Flows and The Future of Work
October 11, 2018--The macroeconomic outlook for sub-Saharan Africa continues to strengthen. Growth is expected to increase from 2.7 percent in 2017 to 3.1 percent in 2018, reflecting domestic policy adjustments and a supportive external environment, including continued steady growth in the global economy, higher commodity prices, and accommodative external financing conditions.
While fiscal imbalances are being contained in many countries, the adjustment has typically occurred through a combination of higher commodity revenues and sharp cuts in capital spending, with little progress on domestic revenue mobilization. Over the medium term, and on current policies, growth is expected to accelerate to about 4 percent, too low to absorb the likely flow of new entrants into labor markets.
view the IMF-Sub-Saharan Africa Regional Economic Outlook: Capital Flows and The Future of Work
Source: IMF
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
