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Middle East & Africa


South Africa Treasury says appoints managers for foreign loan JOHANNESBURG: South Africa's Treasury has appointed Standard Bank, Deutsche Bank and Rand Merchant Bank as joint-lead managers and Investec as co-lead manager for the issuance of a foreign currency loan, it said on Wednesday."The loan will form part of the government's financing of its foreign currency commitments as stipulated in the 2013 budget documents," it said, adding that the process of issuing a Sukuk remained in place as a medium-term project. Copyright Reuters, 2013 ...

Oman govt considers dollar bond issue in 2014: DUBAI: Oman's government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular bond sales in the future, the oil exporter's central bank said on Wednesday."By re-establishing Oman's presence in the international bond market, a sovereign issue could pave the way for regular deficit financing through bond issues in future, if need be," it said in a financial stability report. Copyright Reuters, 2013 ...
South Africa's rand falls 1.2pc to new 4-year low against dollar JOHANNESBURG: South Africa's rand fell more than 1.2 percent to a fresh 4-year low against the dollar on Tuesday, extending earlier losses in a market bracing for what is likely to be a weak first quarter GDP print.The rand hit 9.7130 per dollar, its weakest level since March 2009, compared with Monday's close at 9.5914.Copyright Reuters, 2013 ...
Nigeria sells 110bn naira in bonds, yields up LAGOS: Nigeria sold 110 billion naira ($698.86 million) worth of bonds with maturities ranging from five years to 20 years at higher yields across, apart from a note maturing in 2015, the Debt Management Office (DMO) said on Thursday.All notes are re-opening of previously issued bonds.The debt office said it sold 35 billion naira in the 20-year bond, 25 billion naira in the 7-year paper and 50 billion in the 5-year notes.The DMO sold the ...
Nigeria plans 121bn naira T-bill auction LAGOS: Nigeria plans to sell 121.33 billion naira ($771 million) worth of treasury bills with maturities ranging from three months to one year at its twice-monthly auction on May 22, the central bank said on Wednesday.The bank said it will auction 20.65 billion naira in 91-day bills, 30 billion naira in 182-day notes and 70.68 billion naira in 364-day paper, using the Dutch auction system.Yields at the last T-bill auction on May 9 fell as ...
South Africa's rand firms vs dollar with higher commodity prices JOHANNESBURG: South Africa's rand gained against the dollar early on Monday as resource-heavy currencies were supported by higher commodity prices and global monetary stimulus was expected to support inflows to emerging market bonds.Dealers expect that the European Central Bank (ECB) will cut interest rates later this week, driving investors to higher yielding emerging markets such as South Africa."Monetary policy accommodation beyond our borders benefits the rand mainly via the support it offers to the global ...
South African bonds supported, rand weakens on softer euro JOHANNESBURG: The yield spread on South African benchmark 2026 and 2015 bonds narrowed to its lowest in a year on Thursday, as lower-than-expected inflation data gave support to longer-dated bonds.Data on Wednesday showed CPI was unchanged at 5.9 percent year-on-year in March, undershooting market expectations for price growth to hit the upper end of the central bank's 3 to 6 percent target.The yield on the 2026 dropped to a record low of 6.87 percent, giving ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln