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South Africa's stocks bounce JOHANNESBURG: South African stocks ended in the black on Tuesday led by e-commerce giant Naspers and after a resurgence by gold and platinum shares. The spot gold price was up by about 1 percent as markets fret about a slowdown in China's economy and that the Ukrainian crisis would dampen investor appetite for risky assets. Platinum has also remained firm since hitting a six-month high of $1,486.00 an ounce last week. Miners of the precious white metal have been off work in major producer South Africa for nearly seven weeks demanding higher wages. One trader said he did not expect the resources' favoured status would hold for much longer, pointing instead towards industrial and financial stocks as the next big thing. "China isn't just showing enough signs of improvement," said Brandon Sacks, a sales trader at Avior Research in Johannesburg. "The bounce in the resources is really just because they ...

Nigeria stock exchange seeks advisers for public listing LAGOS: Nigeria's stock exchange plans to appoint financial advisers to guide it through the process of becoming a publicly listed company, it said on Tuesday. The Nigerian Stock Exchange is the second-biggest bourse in sub-Saharan Africa after Johannesburg, which has been a listed company since 2006. Nigeria's bourse is currently owned by stockbrokers and some institutional investors and has around 200 listed companies, all included in its benchmark share index. It said it had won ...
South Africa stocks slip, platinum producers down JOHANNESBURG: South African stocks fell for a third session in a row on Friday as platinum producers such as Impala Platinum and Anglo American Platinum skidded lower, with no end in sight to a strike at their operations. Shares of world No. 1 platinum producer Anglo Platinum fell 3.75 percent to 442.71 rand, coming off an almost 12-month high on Thursday, while Implats declined 3.8 percent to 115.44 rand. "The quicker we can get a ...
Kenyan stocks post 19.2pc gain for 2013 NAIROBI: Kenya's main share index rose on Tuesday to record a 19.2 percent gain for 2013, helped by east Africa's biggest telecoms operator, Safaricom, which doubled in price during the year.The Kenyan shilling, which is up 0.2 percent against the dollar in 2013, was a touch firmer on Tuesday. At 1300 GMT, commercial banks quoted the shilling at 86.20/40, from Monday's close of 86.30/50.The benchmark NSE-20 Share Index rose 0.8 percent on the day to ...
Nigeria stock index ends year 47pc up: traders LAGOS: The Nigeria Stock Exchange index , the country's main index, ended the year 47 percent up on the close of last year, rising 2 percent on the day to 41,329 points, traders said on Tuesday. The principal drivers were cement manufacturer Dangote Cement, up 3.9 percent to close at 218.99 naira, and food and beverages maker Nestle, up 2.12 percent to 1,200 naira a share, they said. Analysts had feared ...
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 ...
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," ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln