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Picture: Supplied

Rand report

Rand firms as deficit fears ease

Gains were spurred by the National Treasury’s promise to cut costs and keep spending down.

  • South African rand. Picture: Christa Eybers/EWN

    Rand firms ahead of Fed minutes, local inflation data

    The rand has lost nearly 7% since 1 August, battered by local and global issues and breaking through a succession of technical milestones on its way to R15.50, a pivot-point last reached in September 2018.

  • Picture: EWN

    Rand pauses recent slide as investors await next trigger event

    The rand has lost close to 10% since 1 August, battered by local and global issues, breaking through a succession of technical milestones on its way to R15.50, a key pivot-point last reached in September 2018 that would trigger stop-losses held by importers and open the path to a deeper retreat.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand flat as investors weigh local, global risks

    The rand has fallen more than 6% since the beginning of August, pressured by the rising likelihood of a credit ratings downgrade by Moody’s linked to a massive, additional bailout for state power firm Eskom and signs of slower global growth.

  • Picture: EWN

    Rand firms as investors await next bout of weakness

    The rand has fallen more than 9% since the beginning of August, pressured by the rising likelihood of a credit ratings downgrade by linked to massive, additional bailout to state power firm Eskom and, this week, by signs of a slower global growth.

  • Picture: Supplied.

    Rand and shares bounce from sharp losses

    Traders said the recovery was likely to be short-lived, given the domestic economic and political outlook after a contraction in GDP and continuing legal challenges against President Cyril Ramaphosa.

  • Picture: EWN.

    Rand weaker as local politics weigh

    The rand plunged to R15.3100 on Wednesday, its lowest level since September 2018, with weak data, worries about the impact on the economy of heavily indebted state-owned energy firm Eskom and negative commentary from credit rating agencies piling pressure on the currency.

  • Picture: Supplied

    Rand hits new 11-month low, stocks firm

    Poor economic data, worries about financial troubles at state-owned power firm Eskom and negative commentary from credit rating agencies have all contributed to recent rand weakness.

  • Picture: EWN

    Rand steadies after hitting 11-month low

    Poor economic data, worries about the impact of state-owned energy firm Eskom and negative commentary from credit rating agencies have all contributed to recent rand weakness.

  • Picture: EWN

    Rand flat, hovers near 2-month low

    The currency slipped to R15.0000 to the dollar on Tuesday, its weakest since 7 June, after rating agency Moody’s said struggling state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable.

  • South African rand. Picture: Christa Eybers/EWN

    Rand steady; focus on unemployment, trade data

    The currency weakened to a 4-week low of R14.3150 on Friday after Fitch downgraded the outlook for South Africa’s sub-investment credit rating, citing increased support for struggling state firms such as the power utility Eskom among other factors.

  • Picture: EWN

    Rand weaker as Moody's warning continues to weigh

    At 0750 GMT, the rand was 0.53% weaker at R14.1650 adding to the previous session’s losses of more than 1% following the statement by Moody’s, which gives the country its last investment grade rating.