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  • South African rand. Picture: Christa Eybers/EWN

    Rand dips after GDP data, stocks up

    Statistics South Africa said that first-quarter gross domestic product contracted 2% from the previous three months, led by declines in mining and manufacturing.

  • South African rand. Picture: Christa Eybers/EWN

    Rand little changed amid rising virus cases

    The rand had regained ground after the budget speech, which forecast ballooning debt and a higher government deficit, as well as fading hopes globally of a quick economic recovery.

  • Picture: EWN

    Rand weaker after gloomy budget

    The dire numbers were largely expected by markets, and in some aspects were more optimistic than other forecasters.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand inches firmer as risk demand tames budget speech jitters

    The special budget, brought forward by the treasury in response to the coronavirus outbreak and President Cyril Ramaphosa’s R500 billion ($29 billion) stimulus package, is set to show ballooning deficit and debt in Africa’s most advanced economy.

  • Picture: EWN

    Rand steady after brief Sino-US trade scare

    An overnight statements from the Trump administration that the trade deal with China was still on track lifted risk appetite roiled by simmering tensions between the two superpowers that has soured in recent months.