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Middle East & Africa


Foreigners buy South African bonds, sell shares  JOHANNESBURG: Offshore investors bought 6.2 billion rand ($750.07 million) worth of local bonds last week but sold a net 1.1 billion rand in equities, data from the JSE showed on Monday. Below are tables outlining purchases, sales and net purchases for the week, for the same period in 2011, for the year-to-date and the corresponding year-to-date in 2011. Copyright Reuters, 2012 ...

South Africa bond yields hit record low on rate cut  JOHANNESBURG: South African government bond yields fell to record lows and the rand weakened against the dollar on Thursday after the Reserve Bank cut its key lending rate, sounding a dovish tone on inflation and trimming its economic growth forecasts. The Reserve Bank cut its key lending rate by 50 basis points to 5.0 percent, surprising the market. Only two out of 23 economists polled by Reuters had anticipated the cut. Yields on the front end of ...
South Africa govt bonds up, small chance of rate cut  JOHANNESBURG: South African government bonds rallied and yields fell in early Thursday trade, still supported by strong offshore demand while some local market players were pricing in a slight possibility of a domestic interest rate cut. The rand was on a firmer footing against the dollar than in recent days as global investor risk appetite ticked higher, but could turn weaker as concerns about euro zone debt woes persist. The yield on the three-year benchmark fell by ...
South bond yields ease before inflation data  JOHANNESBURG: South African government bond yields tracked lower on Wednesday, pushed down by more offshore buying and domestic market expectations of a moderation in inflation that may allow the central bank room to cut interest rates this year. The rand was slightly weaker at 8.1872/dolar at 0630 GMT compared to a 8.1685 close in New York, and dealers said it would trade in a 8.16-8.24 range ahead of a central bank interest rate decision on Thursday. The ...
Domestic investors help push South African bond yields lower  JOHANNESBURG: South African government bond yields continued their decline on Tuesday, with the return on three-year bonds hitting a record low, as domestic investors join foreigners in the hunt for yield. The rand weakened slightly against the dollar as the market digested US Federal Reserve chairman Ben Bernanke's promise of further stimulus for the sluggish US economy if needed, though he provided no specific details. At 1538 GMT, the rand was down 0.2 percent against the dollar, ...
Dar al-Arkan repays $1bn sukuk on Monday: statement JEDDAH: Saudi builder Dar al-Arkan Real Estate Co has transferred $1 billion to Deutsche Bank to repay its Islamic bond, or sukuk, the firm said in a bourse statement on Saturday. "Dar al-Arkan transferred the total principal sum to Deutsche Bank, the principal paying agents, on Thursday and the sukuk account holders will receive the funds on Monday," the firm said in the statement. Dar al-Arkan, the kingdom's largest property developer, has issued three international sukuks and ...
Nigeria to auction 75bn naira of bonds on July 18  LAGOS: Nigeria plans to raise 75 billion naira ($466.30 million) through sovereign bonds ranging between 5 and 10 years at its regular auction on July 18, the Debt Management Office (DMO) said on Thursday.   The debt office said it would sell 25 billion naira each in the 5-, 7- and 10-year paper with term-to-maturity of four years and eight months, six years and 10 months, and nine years and five months respectively.  The bonds are ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln