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IMF-Oil Price Drop Highlights Need for Diversity in Gulf Economies
December 23, 2014--Decline in oil prices highlights need to diversify Gulf economies
Oil revenues distort incentives for region's firms and workers
New export markets, better education, fewer government jobs will be key
Countries of the Gulf Cooperation Council (GCC) will have to adjust the incentives of workers and firms to encourage them to work and produce in the non-oil tradable sector if these economies are to succeed in diversifying their economies, a new IMF study says.
With oil prices declining by 40 percent since June, the importance of diversification is once again highlighted.
view the IMF Note: Economic Diversification in the
GCC: Past, Present, and Future
Source: IMF
JSE ticks up on healthy US growth
December 23, 2014--The stock market has strengthened, riding an optimistic wave created by encouraging US growth data
that also lifted financial sector stocks.
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Source FIN24
Rand eases ahead of US data
December 23, 2014--The rand has been slightly weaker against a high-flying US dollar
as slow year-end trade kept the local unit in a tight range.
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Source: FIN24
Premium Times Special- Bitter Truths About Economy the Jonathan Govt Does Not Want Nigerians to Know
December 22, 2014--As is well known, available figures, statistics and ratings show that the Nigerian economy has consistently maintained an unprecedented growth rate of 6-7 per cent under the Jonathan administration.
They also show that the Nigerian economy is now the leading economy in Africa and the 26th largest in the world, with a gross domestic product of over $500 billion per annum.
Statistical indicators are like a woman's bikini, they hide or mask the most important details, while revealing what, to a casual observer, seem like a whole lot.
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Source: allAfrica.com
SA stocks end tad lower, Sasol weighs
December 22, 2014--South African stocks have fallen, dragged down by blue-chip
heavyweight Sasol as the price of crude oil gave up earlier gains.
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Source: FIN24
Rand recovers to end firmer against dollar
December 22, 2014--The rand ended slightly firmer against the US dollar, although it struggled to find momentum given the lack of market-moving news in
lethargic holiday trade.
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Source: FIN24
JSE moves sideways, Kumba surges
December 19, 2014--The JSE has ended flat as a surge in companies, such as
Kumba Iron Ore, was offset by a slide in others.
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Source: FIN24
Rand consolidates post-Fed gains
December 19, 2014--The rand has consolidated recent gains against the dollar as positive sentiment towards
emerging markets continued to favour local assets.
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Source: FIN24
Rand rallies after Fed soothes sentiment
December 19, 2014--The rand rallied against the dollar on Thursday as a statement by the US central bank signalling interest rates
would remain near zero offered respite to struggling emerging market currencies.
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Source: FIN24
JSE ends lower, with a drop in Naspers, FirstRand
December 18, 2014--The JSE has ended lower as a gain by Amplats was outweighed by a drop in index
heavyweights Naspers and FirstRand.
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Source: FIN24
