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  • South African rand.  Picture: Christa Eybers/EWN

    Rand on the ropes as virus fears mount

    With South Africa reporting a sharp jump in confirmed coronavirus cases on Monday to 402, from less than 50 just over a week ago, sentiment towards the rand and other local assets is set to remain on the ropes.

  • Picture: pixabay.com

    Rand weakens as coronavirus worries weigh

    Since Monday’s sharp fall to just shy of R17.00, the rand has managed to claw back some ground, but ongoing uncertainty about the effectiveness of measures taken by central banks globally to limit the coronavirus has kept volatility elevated.

  • Picture: Supplied.

    Rand rebounds as global selloff slows

    The rand firmed on Tuesday, recovering most of its losses as emerging markets broadly recovered from heavy selling in the previous session triggered by a dive in oil prices and fears about the economic impact of the coronavirus.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand weakens, Amplats leads stocks lower

    President Cyril Ramaphosa warned that the virus would hurt travel and tourism, and have a negative impact on South Africa’s already struggling economy, but urged citizens not to panic.

  • Pixabay.com

    Rand falls as economy slips into recession

    The recession is another setback for President Cyril Ramaphosa’s efforts to revive the economy and stave off a downgrade of the country’s sovereign debt to below investment grade by rating agency Moody’s.

  • South African rand. Picture: Christa Eybers/EWN

    Rand strengthens as Fed cut bets slow virus-linked selloff

    The rand has tanked 13% since the beginning of 2020 and 4% since Wednesday’s budget speech where the treasury announced higher budget deficits and debt, as well as plans to slash public sector wages, raising the likelihood of a credit downgrade by Moody’s.

  • Picture: EWN

    Rand firms ahead of inflation data

    Locally, consumer price-growth figures, due at 0800 GMT, are set to show a slight uptick but remain well below the central bank’s upper target of 6%.

  • Picture: Christa Eybers/EWN

    Rand firmer as China rate cut soothes virus anxiety

    China’s central bank cut the interest rate on its medium-term lending on Monday as policymakers sought to cushion the drag on businesses from the outbreak that has severely disrupted activity.

  • Picture: Christa Eybers/EWN

    Rand firmer after Ramaphosa's speech

    President 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.

  • Picture: EWN

    Rand stretches gains with EMs back in favour

    The currency rose in the face of data on Tuesday showing unemployment remained at an 11-year peak in the fourth quarter and manufacturing output for December shrank 5.9% year-on-year. Traders said weak growth was already priced in.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand firms; focus shifts to data, Ramaphosa speech

    Markets will be watching out for Ramaphosa’s annual speech at the opening of Parliament on Thursday for clarity on policy and reform, amid power cuts that have knocked confidence in the economy.