Thursday, March 27, 2014

S.Africa stocks up as banks rise ahead of rate decision

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South African stocks rose for a third straight session on Wednesday as banking stocks like FirstRand extended recent gains on hopes of a interest rate hike, which could boost their bottom lines. Twenty-three of 30 economists polled by Reuters expect the Reserve Bank to keep its repo rate at 5.5 percent on Thursday after lifting it by 50 basis points in January, but there is still a chance of ......S.Africa stocks up as banks rise ahead of rate decision

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