No Metrorail service between Salt River & CT stations over long weekend
Local
Rand slightly stronger on hopes Syria attack a one-off
The rand was volatile last week, see-sawing over global trade war fears and tensions between the United States and Russia over Syria.
JOHANNESBURG - The rand was slightly stronger early on Monday as global investors hoped that US-led strikes on Syria would not escalate into a wider conflict.
At 0628 GMT, the rand traded at R12.0700 versus the dollar, around 0.1% stronger than its close on Friday.
The rand was volatile last week, see-sawing over global trade war fears and tensions between the United States and Russia over Syria. Domestic factors receded.
On Monday, US stock futures firmed and oil prices fell on relief that the attack on Syria had been limited in scale.
Analysts at NKC Research said they expected the South African currency to trade in a range of R11.90 to R12.15 to the dollar on Monday.
Government bonds were little changed early on Monday, with the yield on the benchmark instrument due in 2026 down 1 basis point to 8.075%.
More in Business
-
Lawyer: Our case strengthened by Tiger Brands' own test results
-
Former chairman Wiese sues Steinhoff for R59 billion
-
[LISTEN] Icasa’s verdict on data costs
-
Petrol price to jump 49 cents a litre
-
‘Cash strapped’ Autopax makes urgent plans to pay staff salaries
-
Implats' Marula mine in S.Africa rebounding as community violence fades
Comments
EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
comments powered by DisqusHowever, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the EWN community a safe and welcoming space for all.
EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.