COVID-19: 5 deaths and 1,353 cases across SA
Local
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Rand weakens on virus concerns; focus shifts to rate decision
At 0650 GMT, the rand traded at 16.4700 per dollar, 1.94% weaker than its close on Friday.
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Rand steady as coronavirus-induced sell-off pauses
The mood in financial markets improved somewhat on Friday, with Asian equities staging a recovery and US stocks futures pointing to a firmer start on Wall Street as attention turned to a US stimulus package.
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Rand hammered by growing impact of coronavirus
US President Donald Trump’s surprise decision to ban travel from Europe to reduce the impact of the virus added more pressure to trading, as disruptions to trade and the world economy emerged.
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Rand retreats as coronavirus worries weigh
News that state power firm Eskom would cut up to 4,000 megawatts of electricity from the national grid has also rekindled bearish bets on the local unit.
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Rand crumbles to 4-year low as panic selling in Asia deepens rout
At 0630 GMT, the rand was 3.82% weaker at 16.3000 per dollar, having plunged to 16.9850, its lowest since February 2016, earlier in the session.
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Rand firmer as Fed cut bets slow virus-linked selloff
At 0645 GMT the rand was 0.2% firmer at 15.6000 per dollar, eking out gains in light liquidity Asian trading session, remaining at its worst level in four years as the rapid spread of the coronavirus compounded fears of credit rating downgrades.
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Rand weaker ahead of budget speech
The rand was down 0.3% at 15.2100 per dollar by 1630 GMT, extending losses from Monday and mirroring falls in other emerging market currencies as the virus outbreak gathered pace beyond China.
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Rand, stocks tumble as coronavirus adds to budget worries
At 1530 GMT the was 1.02% weaker at 15.1650 per dollar.
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Emerging stocks wobble as coronavirus risks grow, FX hit by strong dollar
South Africa’s currency has also taken a hit from growing pessimism around the country’s economy, while local investors remained on edge ahead of a looming ratings decision by Moody’s.
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Rand ticks lower as Moody's stokes downgrade fears
By 1500 GMT, the rand was 0.41% weaker at 15.0420 per dollar, its weakest level since 10 February.
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Rand falls as Moody's cuts growth forecast, stocks firm
Moody’s is the last of the major international agencies to keep an investment-grade rating on the sovereign and is scheduled to review that assessment in March.
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Rand firmer after Ramaphosa's speech, stocks flat
Cyril Ramaphosa acknowledged in an annual address to parliament on Thursday evening that growth had stalled, exacerbating high levels of unemployment and increasing hardship for millions of citizens.
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Rand falls after dismal data, stocks rise
At 1530 GMT, the rand was 0.3% weaker at 14.8700 per dollar, retreating after sailing to a session best of 14.7320.
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Rand falls to 3-month low, stocks down
At 1500 GMT, the rand was 1.4% lower at 15.1100 per dollar, its weakest since 1 November.
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Rand falls, stocks up as Gold Fields shines
A survey showed on Thursday that South African business confidence fell in January, resuming the downward trend seen for much of 2019.
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Rand firms as risk appetite picks up
At 1505 GMT, the rand traded at 14.7330 per dollar, 0.93% firmer than its previous close.
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Rand firms following slide on virus fears
The stock market closed lower, in line with weakness in global stocks, amid fears the coronavirus epidemic would hit Chinese demand.
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Rand firms ahead of US-China trade deal signing
By 0630 GMT, the rand traded at 14.3100 per dollar, 0.45% firmer than its close on Friday.
