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South Africa: Investors Take Profit On News of Old Mutual Split
March 11, 2016--Old Mutual's share price dropped more than 6% on the JSE on Friday, after the group confirmed plans to separate its activities into four business units: OM Asset Management, Nedbank, Old Mutual Emerging Markets and its UK wealth business.
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Source: AllAfrica.com
JSE rally still going strong
March 4, 2016--The JSE has continued its strong recovery, with financial shares taking a breather but commodities maintaining a solid rally on the back of global growth prospects.
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Source: Fin24
Rand's wild ride shows cost of being a currency everyone trades
March 4, 2016--The rand will be used to hedge global investors' positions in terms of risk aversion, says an expert, after recent strife in SA sent the rand
tumbling 3.5% and back up again.
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Source: FIN24
Rand steady, stocks set to open higher
March 3, 2016--The rand was steady against the dollar early as risk appetite subsided and traders awaited US employment data that is expected to give guidance on interest rates.
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Source: FIN24
JSE continues on recovery path
March 2, 2016--Share prices and the rand continued their rally in mid-morning trade, with financial shares among the big movers on the JSE.<
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Source: FIN24
Rand steady on global risk appetite
March 2, 2016--The rand has steadied against the dollar as risk appetite returned after gains in oil prices and a batch of positive economic data calmed fears.
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Source: FIN24
JSE shrugs off Barclays exit
March 1, 2016--Barclays' announcement that it wants to sell its stake in Barclays Africa has hardly caused a ripple on the JSE, while all four big banks' stocks were up by mid-morning.
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Source: FIN24
SA economy grew 0.6% in fourth quarter
March 1, 2016--South Africa's economy grew by 0.6% in the fourth quarter,
following a 0.7% growth in the previous quarter, according to Statistics SA.
,a href="http://www.fin24.com/Economy/sa-gdp-surprises-on-upside-20160301" TARGET="_top">view more
Source: Fin24
Income, pensions beating inflation for now-index
March 1, 2016--While the South African economic outlook for 2016 is bearish, banked incomes are still telling a positive story, says economist Mike Schüssler.
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Source: FIN24
Rand takes massive hit as Sars wars heat up
February 29, 2016--The "rand sacrificed most of the gains", which analysts say was due to a boiling point in politics involving President Jacob Zuma and Finance Minister Pravin Gordhan.
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Source: FIN24
