Ramaphosa: 3 COVID-19 deaths recorded in SA, with 1,326 cases
Local
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Rand firms, stocks pause 3-day winning streak
The rand firmed against the dollar on Thursday, clinging to gains as a high carry yield and a decision by Fitch not to lower the country’s credit rating underpinned demand.
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Rand slips, stocks boosted by electricity supply relief
The rand rallied close to 3.5% in the previous week and on Monday was still near its strongest since 1 August, but with offshore risks building and volumes relatively light heading into Christmas holidays, the momentum faded on Tuesday.
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Rand climbs to 6-week best as flat Fed overshadows local data
The rand raced to a six-week best on Thursday as another batch of data showing poor economic activity was offset by the benign monetary policy outlook in the United States after the Federal Reserve kept lending rates flat.
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Rand steady as US-China trade uncertainty lingers
Markets showed little reaction to President Xi Jinping’s reiteration on Friday that China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, but it is not afraid to retaliate when necessary.
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Rand slips as risk mood turns cautious
The rand weakened slightly early on Wednesday, reflecting an uptick in the dollar in relatively subdued trade as a resolution to the trade spat between the US and China remained in the balance.
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Rand firms as dollar stalls on trade deal impasse
The probability of a deal between Washington and Beijing receded after a report on Monday that Chinese officials were feeling pessimistic about the negotiations, suggesting a resolution to perhaps the biggest risk to the global economy remains elusive.
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Rand firms slightly, traders await Sino-US trade talk developments
The rand firmed slightly in early trade on Monday, clinging on to the previous week’s gains, as cautious investors awaited developments in US-China trade talks, and the local central bank’s rates decision later in the week.
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Rand flat; focus shifts to key retail data
South African-focused investors will turn their attention to retail figures on Wednesday and mining production data on Thursday for clues on the health of the economy.
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Rand firmer in early trade
Government bonds were also a shade stronger, with the yield on the 2026 bond down 0.5 basis points at 8.49%.
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Rand weaker as China-US trade deal delay weigh
At 0800 GMT, the rand was 0.62% weaker at R14.9420 per dollar, compared with a close of R14.8500 on Friday in New York.
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Rand slips on US-China trade deal delay
At 0630 GMT, the rand was 0.1% weaker at R14.8400 per dollar. The currency fell on Wednesday following a three-session rally after Moody’s kept the country’s last investment grade credit rating intact on Friday.
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Rand flat amid fears of gloomy economy
The rand traded flat on Wednesday, hovering near a four-session peak, as cautious investors awaited clues on the economy ahead of key manufacturing data.
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Rand edges firmer as post Moody's jitters begin to wane
The rand edged firmer early on Tuesday, extending a rally sparked by Moody’s decision to keep the country’s credit rating at investment grade despite a dismal budget last week showing a fast-rising budget deficit and public debt.
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Rand, stocks gain on Moody's reprieve
Moody’s kept South Africa’s sovereign debt at ‘Baa3’, the lowest rung of investment grade, but revised the outlook on that rating to 'negative,' citing a deterioration in the economic growth outlook and rising debt.
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Rand, stocks gain; focus on Moody's review
The rand firmed against the dollar on Friday thanks to a weaker greenback, while stocks also rose on improved risk appetite, as markets awaited a Moody’s rating review later in the day.
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Rand extends losses before Moody's review, stocks rise
The rand extended losses against the dollar on Thursday after Finance Minister Tito Mboweni gave a bleak budget speech a day earlier in which he slashed growth forecasts and predicted ballooning debt, raising fears of a ratings downgrade.
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Rand plummets on bleak budget projections
The projected deficit would be the highest since 2009/10, raising investor concerns about South Africa’s only remaining investment-grade credit rating, which will be reviewed by Moody’s on Friday.
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Rand clings on to gains, Sasol leads stocks higher
The rand firmed to a new six-week high on Monday as investors looked beyond an uncertain local and global backdrop and kept buying the high-yielding currency, while stocks rose, led by chemicals firm Sasol.
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Rand firmer as investors await next week's budget
Finance Minister Tito Mboweni is likely to raise the budget deficit because of costs related to the state-owned power utility Eskom, a Reuters poll showed.
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Rand, stocks drift weaker in quiet trade
The currency dipped slightly tracking the weaker euro, which fell after European Central Bank chief Mario Draghi gave his final news conference and data showed stagnating economic momentum in the euro zone.
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Rand weaker after lower inflation reading
The rand dipped on Wednesday as consumer price data fell more than expected in September to 4.1% in annual terms, raising the prospect of further monetary policy easing.
