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South Africa's rand steady, pauses near 10.50 resistance JOHANNESBURG: South Africa's rand held steady against the dollar early on Friday, pausing in its recent march towards the key 10.5000 resistance level. At 0610 GMT, the unit was trading at 10.5420 to the dollar, slightly firmer from its close in New York on Thursday. The rand, which has notched up five days of daily gains against the dollar, received a boost from a rise in US jobless claims the previous session, climbing to its strongest level since July 28. Signals that tensions in eastern Ukraine could ease also boosted emerging markets. Russia, Ukraine and the European Commission presidents agreed to hold talks over gas and trade agreement disputes, along with efforts to stabilise the security situation in Ukraine. "If the rand can get a weekly close below the 10.5000 level, a more pronounced move lower could develop," said Oliver Alwar, a currency trader at Standard Bank. "There are still ...

Kenyan shilling steady on tight liquidity, stocks inch up NAIROBI: The Kenyan shilling was little changed on Thursday after a slowdown in dollar demand from companies put off by tight liquidity, while stocks nudged higher. At the 1300 GMT market close, commercial banks quoted the shilling at 88.05/88.15 to the dollar, barely changed from its closing level of 88.00/88.10 on Wednesday. "Tight liquidity has kept position-taking at bay," said Sheikh Mehran, head of trading at I&M Bank. "Today has been a very flat day ...
Nigeria raises 100bn naira in bonds at higher yields LAGOS: Nigeria sold 100 billion naira ($616.90 million) worth of bonds with maturities ranging between three and 20 years at auction on Wednesday, fetching higher yields than previously, the Debt Management Office said on Thursday.The debt office said 15 billion naira of 3-year debt notes were sold, fetching 11.12 percent, higher than the 11 percent they got at the July auction, while 50 billion naira of 10-year debt was sold at 12.22 percent against 12.19 ...
Kenyan shilling steady after dollar demand fizzles NAIROBI: The Kenyan shilling was little changed on Thursday after dollar demand by companies fizzled and dollar inflows remained scant, but traders said the currency had a bias for easing.At 0830 GMT, commercial banks quoted the shilling at 88.05/88.15 to the dollar from its closing level of 88.00/88.10 on Wednesday."Corporate demand has decreased and companies are not buying at these levels, which is keeping the shilling from sliding further," said Sheikh Mehran, head of trading ...
Kenyan shilling under pressure, Nairobi share index slips NAIROBI: The Kenyan shilling inched down on Wednesday due to strong demand for dollars from companies and banks.Nairobi's benchmark NSE-20 share index slipped on mild profit taking.At the 1300 GMT market close, commercial banks quoted the shilling at 88.00/88.10 to the dollar, recovering from an intra-day low of 88.10/88.20. The shilling had closed at 87.95/88.05 on Tuesday."There has been weakness in the shilling due to corporate demand and short-covering by banks, which forced it to ...
South Africa's rand reaps rewards of weaker US, China indicators JOHANNESBURG: South Africa's rand climbed to its strongest levels in two weeks against the dollar, taking advantage of soft economic data out of the world's two biggest economies to gain by over half a percent.The local unit was trading at a 2-week low of 10.5695 by 1530 GMT, 0.52 percent off its New York close.The rand surprised by turning stronger after domestic retail sales for June came in flat at 0.0 percent year-on-year, sharply undershooting ...
South Africa's rand holds steady, eyes on retails sales data JOHANNESBURG: South Africa's rand held steady against the dollar in lethargic trade on Wednesday, and was likely to stay within its recent ranges until the release of retail sales data later in the session.The rand traded at 10.6180 to the dollar at 0642 GMT, little moved from it close in New York on Tuesday."The rand remains well subdued at the moment, confined to ever tighter intra-day ranges," said Oliver Alwar, currency trader at Standard Bank ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln