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Rand falls as weak GDP data catches market off guard
June 5, 2018--The local currency lost 12c to the dollar after Stats SA announced that SA's quarter-on-quarter GDP had fallen by 2.2%.
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Source: FIN24
South Africa suffers worst quarterly contraction in almost a decade
June 5, 2018--South Africa's economy suffered its biggest quarterly contraction in almost a decade in the first three months of the year, underlining the daunting challenge confronting president Cyril Ramaphosa's bid to..
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Source: FT.com
Nigeria: Stock Market Bleeds On Political Uncertainties
June 4, 2018--Concerns over the upcoming 2019 general election as well as the cautious stand adopted by Foreign Portfolio Investors, FPIs, and other domestic portfolio managers over the unfolding political events in the country have resulted in a huge loss of N2.35 trillion to equity investors in the last four months.
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Source: allAfrica.com
JSE up in line with global markets
June 4, 2018--The JSE was lifted on Monday as global markets responded positively to Friday's upbeat US jobs report.
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Source: FIN24