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Rand slumps as Futuregrowth suspends loans to state firms
August 31, 2016--The rand has dropped to the weakest level in more than seven weeks after Futuregrowth Asset Management said it will stop lending money to six of the largest state-run companies.
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Source: FIN24
Nigeria in Recession As Economy Shrinks
August 31, 2016--The Nigerian economy, Wednesday, plunged into recession, as the National Bureau of Statistics, NBS, disclosed that the country's Gross Domestic Product, GDP, in real terms, declined by 2.06 per cent in the second quarter of 2016.
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Source: AllAfrica.com
Africa Stands to Benefit From New Trade Deals and, Possibly, From Brexit
August 31, 2016--The last few months have seen some significant developments for African trade and integration. These advances come at a crucial time for African countries, which have been particularly hard hit by the slump in commodity prices, China's economic downturn, and higher external borrowing costs.
This has resulted in slower GDP growth than expected, currency fluctuations and reduced investment-particularly in resource-rich countries.
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Source: allAfrica.com
JSE in limbo as Sars Wars rage on
August 30, 2016--Financial and resources shares have been losing further ground on the JSE amid uncertainty over the effect of the political battle around Pravin Gordhan.
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Source: FIN24
Rand slips on Mantashe's apparent swipe at Gordhan
August 30, 2016--The rand has taken a whack following ANC secretary general Gwede Mantashe's comments that officials who are charged should step down from their roles.<
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Source: FIN24
Rand weakens on US rate hike expectations
August 29, 2016--The rand has weakened against the dollar on expectations that US interest rates would rise soon and concerns over the finance minister's future
Nigeria: Nigeria Will Be Among Top Investment Countries in 2019-Buhari
August 29, 2016-- Nigeria will be one of the most attractive and easiest places of doing business in the world by 2019, President Muhammadu Buhari has assured.
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Source: AllAfrica.com
INFOGRAPHIC: Volatile rand rages on Zuma's erratic moves
August 26, 2016--The rand is one of the most volatile currencies around the world, reacting sharply on controversial political moves in SA, while also gaining at times on global uncertainty.
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Source: FIN24
Rand posts worst week since May as Gordhan doubts persist
August 26, 2016--The rand headed for the biggest weekly drop since May while benchmark government debt slumped by the most this year on concern Finance Minster Pravin Gordhan's job is on the line.
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Source: FIN24
JSE treads water as world awaits Yellen speech
August 26, 2016--The JSE has been in limbo together with global markets, with the major indices moving only marginally as investors mostly occupied the sidelines.
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Source: FIN24
