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South African stocks hit records but platinum shares hit JOHANNESBURG: South African stocks scaled to record highs on Tuesday for a second straight session but shares of platinum mining firms fell after talks to end a five-month wage strike in the sector deadlocked.Lomin was the biggest decliner among the top-three platinum producers affected by the walk out, falling 2.17 percent to 43.78 rand. Anglo American Platinum lost 1 percent to 467.74 rand."The platinum stocks are still struggling because of the impasse and continued uncertainty with the labour issues on the platinum mines," said Ferdi Heyneke, portfolio manager at Afrifocus.The mining minister pulled out of the negotiations on Monday, deepening concerns that the strike could stretch on for months more.The benchmark Top-40 index gained 1.31 percent to 45,730.62, after a 45,737.82 record achieved earlier. The broader All-share index ended up 1.2 percent at 50,736.42, also a record high."We are seeing some good buying despite the rand being weak and the ...

Bahrain bourse sets margin trading, market maker rules DUBAI: The Bahrain Bourse has approved regulations allowing margin trading and set up a framework for market makers in an effort to boost liquidity, it said on Tuesday.Margin trading, which investors use to leverage their money, is to start in September. Market makers stand ready to fill buy and sell orders on a continuous basis; the bourse did not say when they might start operating or if any companies had been chosen for that role.With ...
Dubai tumbles, led by Arabtec; Egypt up after Sisi sworn in DUBAI: Dubai's bourse fell sharply on Monday as investors booked profits in the region's best-performing market this year, while Egypt was lifted by the inauguration of a new president and an offer to buy a large stake in investment bank EFG Hermes.The Dubai benchmark tumbled 4.1 percent to 4,771 points, its biggest decline since May 20. Builder Arabtec led losses, tumbling 9.7 percent to 5.42 dirhams.The stock has tripled in value this year, making it ...
South Africa stocks benefit from European stimulus JOHANNESBURG: South African share prices edged slightly higher on Thursday as a European Central Bank decision to cut rates buoyed local gold stocks such as AngloGold Ashanti.The ECB announced a raft of stimulus measures, such as cutting rates and imposing negative rates on its overnight depositors, to boost the eurozone economy.Spot gold jumped 1 percent after the ECB announcement, helping to push Johannesburg's bullion index 0.7 percent higher."We have seen a bit of turnaround in ...
Kenyan shilling strengthens, more gains seen NAIROBI: The Kenyan shilling strengthened on Thursday, with sentiment boosted by the launch of a roadshow to sell a debut Eurobond that could raise the country's foreign exchange reserves.At 0848 GMT, commercial banks quoted the shilling at 87.20/30, compared with Wednesday's close of 87.40/50.Kenya, rated B+ by Standard & Poor's and Fitch, is meeting fixed-income investors in the United States and Britain before selling its dollar Eurobond to raise up to $2 billion.The central bank ...
Egyptian markets to close Sunday for inauguration of Sisi CAIRO: Egypt's bourse will be closed on Sunday after the government announced it as an official holiday to mark the inauguration of president-elect Abdel Fattah al-Sisi, the bourse head Mohamed Omran said on Thursday.Copyright Reuters, 2014 ...
South African shares edge higher, market watches platinum talks JOHANNESBURG: South African shares barely closed in the black on Wednesday as investors awaited the outcome of the latest round of negotiations to end the country's longest-running platinum sector strike.Newly installed mining minister Ngoako Ramatlhodi said he hoped the five-month stalemate between miners and their employers could end this week, but even his optimism failed to lift prices for producers Impala and Lonmin."People are just waiting for what is coming with the miners. There is ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln