Rand rises against the US TANZANIA GROWS dollar on strong commodity prices
Tanzania’s economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of The higher rand infrastructure rose in early spending, trade on the finance Wednesday, minister supported said on Monday. by higher
commodity prices, but gains were
MUSEVENI REVISES
limited by investor concerns over Uganda’s fast- paced President developments Yoweri around Museveni said the on Ukraine Wednesday crisis the and East deeper African country power outages would revive by local its utility defunct national Eskom. carrier to share in the region’s South growing Africa’s aviation higher business expoand invigorate sure to commodities its services sector. including
gold, platinum and palladium has
AMAZON BOOST
Amazon. helped limit com losses Inc will in the add currency, over 2,500 permanent as the Russia- jobs Ukraine in Britain conflict this year, taking saps investors’ the U. S. appetite retail for giant’s riskier UK workforce assets. to nearly 28,000, it said on Wednesday. Gold held ground after rising
to a 19- month peak on Tuesday, UK while BREXIT palladium and platinum UK’s gained. main opposition party proposed a plan Back to effectively home, Eskom stay in said the it European aimed Union’s to nearly ( EU) double single the market, extent a move of that power could cuts nudge after the suffering country more toward keeping breakdowns closer at to generation the bloc after units. Brexit.
Frequent power outages have
AUSSIE URGED
constrained South Africa’s ecoAustralian nomic growth winemakers in recent on years. Wednesday urged In fixed Prime income, Minister the yield Malcolm on Turnbull the benchmark to visit 2030 China government to resolve diplomatic bond was down tension 4.5 blamed basis points for trade to obstacles 10.215 percent, that have reflecting raised concerns firmer for an prices. export market expected to top A$ 1 billion ($ 766 million) this year.