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Picture: EWN

Rand report

Rand weakens as dollar boosted by solid data

While the rand remains one of the best performing emerging currencies this year, more so after last week’s general elections put President Cyril Ramaphosa on firmer ground to pursue economic reforms, investors are edgy about next week’s cabinet announcement.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand slips as trade tensions weigh on risk demand

    Having rallied to a two-week best of R14.1375 after the ruling African National Congress won a 57.5% majority that many investors see as key to economic reforms, the rand has slipped back towards the R14.40 mark.

  • South African rand.  Picture: Christa Eybers/EWN

    Trade tensions hold rand down

    The week’s trade tensions have snatched away some of the rand’s gains after the ruling African National Congress (ANC) looked set for victory in a parliamentary and provincial election last week.

  • Picture: Supplied

    Rand steady as ANC takes lead in elections

    The ANC is set to retain power after Wednesday’s election though the party is on course for its worst performance in a national poll in its 25 years in government.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand firmer after elections, stocks fall

    The election was seen as the toughest test yet for the ruling African National Congress party 25 years after the party swept to power at the end of white minority rule.