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  • Picture: EWN

    Rand rides optimism over new power plan

    The South African currency rallied from near R15.00 to a session-best R14.77 on Thursday, ending a losing streak triggered by state power utility Eskom’s resumption on Wednesday of nationwide controlled blackouts.

  • South African rand. Picture: Christa Eybers/EWN

    Rand firms as Cabinet approves power plan

    The Integrated Resource Plan (IRP 2019) will replace a previous blueprint not updated for almost a decade, and deals with electricity generation and the energy mix South Africa will rely on in the immediate future.

  • Picture: Christa Eybers/EWN

    Rand steadies, Sasol leads stocks higher

    The rand steadied in late trade on Tuesday, struggling for momentum as fading optimism over the latest China-US trade truce weighed on risk appetite, while stocks rose, led by chemicals firm Sasol.

  • Picture: Supplied

    Rand retreats from 3-week high, stocks down

    The rand on Monday retreated from a three-week high it hit in the previous session, as a lack of clarity on US-China trade relations pushed investors back to safe havens and hurt risk appetite.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand stronger as dollar dips, stocks up

    The rand firmed on Thursday, as the dollar retreated on global markets, with safe-haven demand for the US currency waning as investors grew optimistic about a trade deal between the United States and China.

  • Picture: EWN

    Rand, stocks fall as risk sentiment wanes

    The rand and stocks weakened on Tuesday as concerns over the upcoming US-China trade talks and escalating tensions between London and Brussels sparked a flight to safety, denting appetite for riskier but high-yielding assets.

  • Picture: EWN

    Rand firms as dollar, stocks fall

    The dollar fell as weak US data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.

  • Picture: EWN

    Rand slides as risk appetite wanes

    The rand weakened to a one-month low on Tuesday, slumping in line with emerging market peers as uncertainty related to US-China trade war, coupled with global growth worries, kept investors wary of riskier assets.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand edges higher as dollar wavers amid political turmoil

    Peregrine Treasury Solutions said in a note that locally there had been little change in the political landscape throughout the week, and the rand’s performance was, as usual, driven by global events, which kept it under pressure.

  • Picture: EWN

    Rand weaker in early trade

    The rand slipped against the dollar in early trade on Wednesday as the greenback ticked up after falling overnight on the launch of a formal impeachment inquiry against US President Donald Trump.

  • South African rand. Picture: Christa Eybers/EWN

    Rand steadies as oil crisis fears ease

    At 0630 GMT the rand was 0.09% firmer, after two consecutive sessions of losses as a spike in global oil prices and fears tensions in the Middle East would further dampen local business conditions pushed the currency to a 2-week low.

  • Picture: EWN

    Rand slips on risk-off sentiment

    The risk-on mood lost its sheen as the attack on Saudi Arabian refining facilities disrupted global oil supply and heightened tensions in the Middle East.

  • Picture: EWN

    Rand weaker as risk appetite ebbs

    The rand weakened in early trade on Monday as an attack on Saudi Arabia’s oil facilities dented risk appetite, while investors braced for monetary policy decisions from major central bank meetings due this week.