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South Africa's rand weakens on strong dollar pressures JOHANNESBURG: South Africa's rand weakened against the dollar on Monday, in line with other emerging-market currencies, after the greenback strengthened on growing prospects of a rise in U.S. interest rates.At 1502 GMT the rand was trading 0.63 percent weaker to the dollar at 11.7280, extending the previous week's losses triggered by poor trader numbers.The dollar hit an 11-year high against a basket of currencies on hopes of interest rates hike from the U.S. Federal Reserve, exerting pressure on emerging-market currencies across the board."Emerging markets are under pressure, there is very much a risk-off tone to the market," Rand Merchant Bank trader Jim Bryson said.With the domestic data calendar light for most of the week, attention will be on offshore data releases, with the closely watched U.S. non-farm payrolls figures expected on Friday.Government bonds gained, and the yield for the 2026 benchmark was down 1.5 basis points to 7.625 percent.Copyright Reuters, ...

Kenyan shilling stable, stocks inch higher NAIROBI: The Kenyan shilling was stable on Monday in slow trade and was expected to stay in a tight range in coming days. Stocks rose marginally.At close of trade at 1300 GMT, commercial banks quoted the shilling at 91.35/45 to the dollar, unchanged from Friday's close."Today it was very slow, very few trades coming in. It's a very quiet trading session," John Muli, a trader at African Banking Corporation, said.Traders said the shilling was expected ...
Nigerian naira gains on dollar sales by oil firms LAGOS: Nigeria's local currency firmed 1.13 percent against the dollar on the interbank market in thin trade on Monday, supported by dollar flows from two energy companies, traders said.The naira closed at 199.7 to the dollar compared with 202 on the interbank market on Friday, dealers said.The central bank had set its intervention rate at 196.8/197.8 to the dollar on Monday, but dealers said the regulator had not yet sold dollars to lenders by 1302 ...
Nigeria's naira in biggest monthly fall for five years LAGOS: Nigeria's currency suffered its biggest monthly fall in over five years this February, dealers said, citing concerns over political uncertainty and the central bank's ability to manage a currency hammered by weak oil prices. The naira shed 8.3 percent to the dollar in February, dealers said, worse than a 6.9 percent fall in November after central bank devalued the currency by 8 percent in order to save its foreign reserves.However, reserves have fallen steadily ...
Rand reverses gains, tracks weaker euro JOHANNESBURG: South Africa's rand weakened against the dollar in line with the euro on Thursday, relinquishing earlier gains which had been triggered by the government's plan to narrow the budget deficit.At 1523 GMT the local unit was trading down 0.75 percent at 11.5325 per dollar, compared with Wednesday's close of 11.4460."We had a lovely start to the day - the markets perceived the budget as friendly; there was a general risk-on type of thing and ...
Kenyan shilling seen weaker, stocks edge higher NAIROBI: Kenya's shilling closed slightly firmer, with inflows of foreign exchange from tea sales and other sectors countering end-month importer demand for dollars.The main benchmark index closed slightly higher.The shilling ended the day at 91.30/40 to the dollar, marginally stronger from Wednesday's close of 91.40/50."The shilling has been very stable in a lacklustre trading session," said Sheikh Mehran, head of trading at I&M Bank.Kenya's central bank kept its key lending rate unchanged as expected at ...
South Africa's rand reverses gains, tracks weaker euro JOHANNESBURG: South Africa's rand weakened against the dollar in line with the euro on Thursday, relinquishing earlier gains which had been triggered by the government's plan to narrow the budget deficit. At 1523 GMT the local unit was trading down 0.75 percent at 11.5325 per dollar, compared with Wednesday's close of 11.4460. "We had a lovely start to the day - the markets perceived the budget as friendly; there was a general risk-on type of ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln