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Rand gains limited by negative emerging market sentiment
September 11, 2018--The rand, which has been strengthening since Thursday last week, may break through the R15/$ barrier on Tuesday say analysts.
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Source: FIN24
Forbes ranks Rwanda, SAfrica over Nigeria on investor protection
September 10, 2018--Forbes has ranked Nigeria 3rd best in Africa in terms of "investor protection". Rwanda and South Africa were rated above Nigeria on the African continent. A total of 153 countries surveyed.
The American business magazine made this known in its Index of Best Countries for Business Report released on Friday.
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Source: latestnigeriannews.com
Rand firms in early trade but threats of volatility remain
September 10, 2018--The local currency gained 0.4% against the greenback in early trade, but analysts warn it will again take its cue from how global investors view emerging markets.
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Source: FIN24
Rand now see-saws to gain 1.4% against the dollar
September 7, 2018--The rand has been a tough challenge for market watchers to predict this week, at one point threatening to break R16.00/$.
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Source: FIN24
Retailers and financials get a lift from the firmer rand
September 6, 2018--The JSE closed firmer on Thursday led by retailers and financials which rebounded on the back of the firmer rand.
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Source: FIN24
Rand firms by 1%, still in 'treacherous terrain'
September 6, 2018--The local currency is still facing the twin pressures of SA's technical recession and broad emerging market weakness, says Bianca Botes of Peregrine Treasury Solutions.
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Source: FIN24
Rand crashes through R15.50/$-has lost 6.5% this week
September 5, 2018--The local currency's bad week shows no signs of stopping.
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Source: FIN24
South Africa: Economy Slips into Technical Recession as GDP Drops
September 4, 2018--African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised).
This followed a revised 2,6% contraction in the first quarter of 2018.
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Source: allafrica.com
JSE weaker as SA slips into recession
September 4, 2018--The JSE fell on Tuesday after data released by Statistics SA showed that South Africa's GDP contracted for a second consecutive quarter.
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Source: FIN24
Rand piles on losses as SA enters recession
September 4, 2018--The rand fell on the back of Stats SA's announcement that the country's real gross domestic product had contracted by 0.7% in the second quarter of the year.
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Source: FIN24
