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South Africa bonds, rand firm ahead of medium-term budget  JOHANNESBURG: South African government bonds rose on Thursday after higher-than-expected inflation data in the previous session with trading expected to be thin ahead of the Treasury's release of the medium-term budget later in the day.   The yield on the benchmark 3-year bond and the longer dated 14 year paper were both 2 basis points lower at 5.44 and 7.685 percent respectively.   By 0651 GMT, the rand was trading at 8.73 to the dollar, 0.6 percent firmer than Wednesday's New York close of 8.7810.   "The long end of the yield curve will be supported. There may be a little bit of curve flattening," said Michael Grobler, a fixed income analyst at Afrifocus Securities.   "As long as the rand stays below 8.82, there's going to be demand for the long end of our yield curve."   Finance Minister Pravin Gordhan faces the hard task of balancing demands, in his mid-term budget speech, for increased social spending from a ...

Morocco delays $1bn sovereign bond sale: minister  RABAT: Morocco has delayed its maiden dollar bond sale to end-November pending market stability, the budget minister said in published remarks on Wednesday, but banks have already been mandated for an issue that may exceed the initial $1 billion mark.   The delay's announcement, carried by L'Economiste newspaper, comes amid speculation King Mohammed would soon make a rare official tour of the Gulf Arab region from where Rabat hopes to raise a substantial share of the issue.   Initially ...
South African bonds weaken as market sees more issuance  JOHANNESBURG: South African government bonds weakened in early Thursday trade and the rand hovered near early-September lows as worries about the euro zone debt crisis came to the fore and investors fretted about the weak domestic economic outlook.   The yield on the three-year benchmark added two basis points to 5.335 percent and that for the 14-year issue, which is also heavily traded on the secondary market, was up 2.5 basis points at 7.515 percent.   The market was ...
South Africa to sell 2023, 2021 and 2031 bonds next week  JOHANNESBURG: South Africa's Treasury will auction 2.1 billion rand ($250 million) in total of its 2023, 2021 and 2031 government bonds next Tuesday. Copyright Reuters, 2012 ...
South Africa bonds edge up, rand declines  JOHANNESBURG: South African government bonds edged higher on Wednesday with the market still receiving a boost by the inclusion of government paper in Citigroup's World Government Bond Index (WGBI) from the start of the week.   The yield on the three-year benchmark was 2.5 basis points lower at 5.39 percent and that for the 14-year issue dropped 3 basis points at 7.53 percent.   By 0655 GMT, the rand was down 0.87 percent at 8.444 versus the dollar after ...
South Africa bonds steady in cross winds, rand weaker  JOHANNESBURG: South Africa's government bonds held mostly steady on Tuesday, balancing between a downgrade by Moody's last week that soured sentiment and optimism from their inclusion in Citigroup's World Government Bond Index (WGBI) from the start of this month.   The yield on the three-year benchmark was 0.5 basis points lower to 5.45 percent and that for the 14-year issue dropped 1 basis points at 7.57 percent.   "Even though it brought us in-line with Fitch and S&P, the ...
Yields tumble at Egypt T-bill auction CAIRO: The average yields on 4.5 billion Egyptian pounds ($738.49 million) of 91- and 266-day treasury bills fell sharply at a central bank auction on Sunday, the Ministry of Finance said. The average yield on 1 billion pounds of 91-day bills dropped to 12.396 percent, its lowest since November last year, from 13.747 percent at an auction on Sept. 9. The yield on 3.5 billion pounds of 266-day bills tumbled to 13.354 percent, its lowest since August ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln