Wednesday, 21 February 2018

Category: Markets

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Rand gains on rate hike, kwanza continues free fall

Rand gains on rate hike, kwanza continues free fall

The South African rand strengthened on Friday after the South African Reserve Bank (SARB) increased the benchmark rate by 50 basis points. The rand traded below the psychological ...

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Buhari rubbishes currenty devaluation, as Nigeria seeks to boost business with Kenya

Buhari rubbishes currenty devaluation, as Nigeria seeks to boost business with Kenya

Nigeria’s president Mohammed Buhari on Wednesday rejected calls to devalue the country’s currency saying he will not kill the naira. While on a state visit to Kenya, Buhari said a ...

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Eskom power supply to boost Zambia and Zimbabwe economies

Eskom power supply to boost Zambia and Zimbabwe economies

Eskom’s supply of power to Zimbabwe and Zambia has helped stabilise power supplies in South Africa’s neighbouring countries and allowed First Quantum Minerals and other mining hou ...

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SA tops Africa in consumer spending

SA tops Africa in consumer spending

South Africa is now ranked the most promising market for consumer spending by the middle-class, pipping Africa’s biggest economy, Nigeria, which is ranked second, findings of a su ...

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IMF upbeat about Tanzania economy, despite challenges

IMF upbeat about Tanzania economy, despite challenges

The International Monetary Fund (IMP) has completed its third review of Tanzania’s economic performance under the programme supported by the Policy Support Instrument (PSI). In th ...

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Emerging markets suffering, but not in disaster

Emerging markets suffering, but not in disaster

The world’s investors are still trembling about a feared emerging markets meltdown. In a recent survey by Dutch fund manager NN Investment Partners, a third of the institutional i ...

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SA traditional trade sector thriving with R46-billion in annual sales

SA traditional trade sector thriving with R46-billion in annual sales

The perception that South Africa’s Traditional Trade (TT) sector is shrinking in the face of increasing pressure from modern retail outlets could not be further from the truth. Sa ...

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MTN ‘facing Cameroon fine’

MTN ‘facing Cameroon fine’

The Cameroonian branches of the MTN and Orange mobile phone companies have been fined more than US$160m over unpaid taxes. Other companies are also caught up in the fines after an ...

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India to increase exports to Kenya, Tanzania, DRC

India to increase exports to Kenya, Tanzania, DRC

India plans to double its exports to Kenya by tapping into its one million diaspora community that has lived in the country for the past century. In a one-day forum held in Nairob ...

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IMF completes fourth PSI review for Rwanda

IMF completes fourth PSI review for Rwanda

The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Rwanda’s economic performance under a three-year programme supported by the IMF’s ...

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