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South Africa stocks rise 2pc on back of global rally JOHANNESBURG: South African stocks jumped more than 2 percent on Friday, gaining for the seventh straight session and coming within sight of lifetime highs on the back of a record run in global markets. The gains were across the board with Africa's top bullion producer AngloGold Ashanti the biggest advancer among blue chips, adding more than 5 percent. "The underlying market trend remains quite bullish. In the year-end, the market often gets ahead of itself and then corrects itself in the New Year," said Ferdi Heyneke, a portfolio manager at Afrifocus Securities. The Top-40 index added a hefty 2.02 percent to 40,974.73, bringing it within 500 points of its record peak reached in November. Earlier in the session it surpassed the 41,000 mark for the first time since Nov. 8. The broader All-share index rose 1.83 percent to 45,735.26, about 550 points shy of its all-time high. AngloGold gained 5.6 ...

South African stocks drift sideways JOHANNESBURG: South African stocks drifted sideways in thin trade on Friday, as investors remained cautious due to uncertainty over when the US Federal Reserve could start scaling back its stimulus programme. Johannesburg-listed shares of US firm Net 1 UEPS Technologies tumbled after South Africa's highest court ruled a contract between the company's unit and South Africa's Social Security Agency was invalid. "Investors are quite jumpy about what to expect from tapering talks by the Fed," ...
South Africa stocks fall again, rand hits exporters JOHANNESBURG: South African stocks fell for a second straight session on Friday as a firmer rand hit exporters such as Impala Platinum while paper producer Sappi fell sharply after a ratings downgrade. Sappi, the world's largest maker of the fine paper used in glossy magazines, fell over 4 percent to 30.89 rand. Investment bank Credit Suisse cut its rating on the stock to "underperform" from "neutral", citing management's repeated lowering of guidance. The rand gained ...
South Africa stocks end flat, 40,000 in sight for Top-40 JOHANNESBURG: South African stocks ended little changed on Friday as equities worldwide remained under pressure on concerns over US budget and debt negotiations.Afgri, which provides services to grain farmers, rose 4.7 percent to 5.81 rand. Just after the market closed, it said it had received a takeover offer of 7 rand a share from private investment company AgriGroupe.The Top-40 index inched up 0.05 percent to 39,774.18. The All-share index added just 0.02 percent to 44,358.74.Both ...
Kenyan shares edge up for eighth session in a row NAIROBI: Kenyan shares nosed ahead for the eighth straight session on Friday, lifted by foreign investors buying of large-cap stocks, while the shilling held steady.The benchmark NSE-20 share index rose 0.3 percent to 4,749.32 points, and has recouped 2.17 percent after a two-week dip when investors booked gains after half-year results.Gains in a few big stocks, namely Safaricom and EABL - together more than 30 percent of the entire market, have pushed the NSE-20 up. ...
Bargain hunters lift most regional market DUBAI: Dubai shares led a regional recovery on Sunday as bargain hunters returned to pick up stocks battered over the last two weeks but the spectre of a possible military strike on Syria ensured trading remained volatile.Dubai's index climbed 1.5 percent, rallying from a two-month low and snapping a four-session losing streak which had seen the bourse lose 10.1 percent of its value.The retail-dominated market continued its recent volatile trading pattern, with investors holding stocks ...
South Africa stocks pull back from record highs JOHANNESBURG: South African shares succumbed to profit-taking on Tuesday, slipping back from a record high set earlier in the session as investors bet recent favourites such as Imperial Holdings had risen too sharply.But losses were limited as the weaker rand currency helped prop up gold firms such as Gold Fields, even in the face of looming strikes.Petrol station and car dealership workers announced a strike for higher wages to start next week, signalling further labour ...

 



 
Index Closing Chg%
Arrow DJIA 17,086.63 0.16
Arrow Nasdaq 4,473.70 0.40
Arrow S&P 1,987.01 0.18
Arrow FTSE 6,798.15 0.04
Arrow DAX 9,753.56 0.20
Arrow CAC-40 4,376.32 0.16
Arrow Nikkei 15,328.56 0.10
Arrow H.Seng 23,971.87 0.80
Arrow Sensex 26,147.33 0.47





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln