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South African stocks end higher, Harmony rises JOHANNESBURG: South African stocks rose on Friday, breaking three sessions of declines with Harmony Gold among the top gainers after the miner narrowed its quarterly loss. The bullion producer climbed 2.6 percent to 21 rand as third quarter loss halved thanks to favourable exchange rate and cost cuts. The benchmark Top-40 index was up 1.1 percent to 47,716 and the broader All-share index rose 1.04 percent to 53,790. World bond and stocks markets climbed after the business-friendly Conservative party won Britain's parliamentary election, leading to a rise in companies that are also listed in London."We have a lot of dual-listed stocks, so if they rally in London, they are going to bring it down to our local market as well," said Ronnel Zabora, trader at Anglorand Asset Managers. Investec PLC rose 3.3 percent while beer maker SABMiller added 2.5 percent while British American Tobacco climbed 2.2 percent.Niveus Investments, which mainly ...

South African stocks slide, Gold Fields books biggest drop in 7 years JOHANNESBURG: South African shares slid for a third straight day on Thursday, with Gold Fields booking its biggest one-day drop in seven years after reporting a quarterly loss.Gold Fields topped the decliners' list after Africa's biggest gold miner swung into a $13 million rand loss in the quarter ending in March.The stock plunged 13.1 percent to 44.28 rand, its biggest daily percentage decline since 2008.Michael Treherne, a fund manager at Vestact, said the rout appeared ...
Saudi slips as Yemen urges ground intervention; Egypt up DUBAI: Saudi Arabia's stock market edged down in early trade on Thursday after Yemen's government called for military intervention on the ground, a move that could further escalate the conflict in which Riyadh plays a leading role.Yemen urged the international community "to quickly intervene by land forces to save" the country, specifically in the cities of Aden and Taiz, according to a letter sent to the United Nations Security Council on Wednesday. Saudi Arabia's index ...
South African stocks book biggest drop in 6 weeks, track global markets JOHANNESBURG: South Africa's main stock index booked its biggest daily percentage decline in more than a month on Wednesday, tracking global markets as anxiety from a sell-off in global government bonds spread to equities.U.S and European bonds were sold off due to a stand-off between Greece and its lenders as well as worse than expected U.S private jobs data.That led to sell-off in gold and platinum but was not enough to drag down Brent crude ...
South African stocks end mostly flat, Reunert rises JOHANNESBURG: South African stocks were largely flat on Tuesday but Reunert was among the biggest gainers after the electronics firm gave an upbeat profit forecast.Reunert said its first-half profit would rise by up to 28 percent, helped by proceeds from the sale of a mobile phone unit last year.Shares in the company jumped 5.9 percent to 65 rand, their biggest daily percentage gain in more than two years.One analyst, who declined to be named, said ...
Saudi Arabia edges up, Egypt extends rally DUBAI: Banking stocks lifted Saudi Arabia's bourse in early trade on Tuesday, while Egypt continued a broad rally after positive purchasing managers' data and comments by the International Monetary Fund. The main Saudi index edged up 0.3 percent, largely on the back of lenders Samba Financial Group and Banque Saudi Fransi, up 1.3 and 1.6 percent respectively. The kingdom's finance minister said on Tuesday that Saudi Arabia's financial position was very strong despite the plunge ...
South Africa stocks creep up, resources in demand JOHANNESBURG: South African shares crept up on Monday, led by resources stocks as investors bet China would come up with measures to boost the world's largest consumer of commodities following weak manufacturing data.China's factories suffered their fastest drop in activity in a year in April, as demand faltered and deflationary pressures persisted.South African bourse heavyweights Anglo American and rival BHP Billiton climbed 3 percent to 138.89 rand and 3.6 percent to 295 rand respectively."Resources are ...

 



 
Index Closing Chg%
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln