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  • South African rand. Picture: Christa Eybers/EWN

    Rand dips after GDP data, stocks up

    Statistics South Africa said that first-quarter gross domestic product contracted 2% from the previous three months, led by declines in mining and manufacturing.

  • South African rand. Picture: Christa Eybers/EWN

    Rand little changed amid rising virus cases

    The rand had regained ground after the budget speech, which forecast ballooning debt and a higher government deficit, as well as fading hopes globally of a quick economic recovery.

  • Picture: EWN

    Rand weaker after gloomy budget

    The dire numbers were largely expected by markets, and in some aspects were more optimistic than other forecasters.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand inches firmer as risk demand tames budget speech jitters

    The special budget, brought forward by the treasury in response to the coronavirus outbreak and President Cyril Ramaphosa’s R500 billion ($29 billion) stimulus package, is set to show ballooning deficit and debt in Africa’s most advanced economy.

  • Picture: EWN

    Rand steady after brief Sino-US trade scare

    An overnight statements from the Trump administration that the trade deal with China was still on track lifted risk appetite roiled by simmering tensions between the two superpowers that has soured in recent months.

  • Picture: Supplied.

    Rand weaker as budget risk raises second wave COVID-19 fears

    Finance Minister Tito Mboweni is expected to paint a bleak picture in a revised budget that comes almost three months after government announced a R500 billion ($28.78 billion) stimulus package leaning heavily on new borrowing.

  • Picture: pixabay.com

    Rand recovers after sell-off, stocks open higher

    The rand firmed against the US dollar early on Friday, recovering from the previous session’s tumble as global risk sentiment was dented by fears of a second wave of coronavirus infections.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand steady, stocks open lower

    The rand held steady against the US dollar early on Thursday, after President Cyril Ramaphosa announced further easing of the coronavirus lockdown to help the battered economy.

  • Picture: EWN.

    Rand recovers slightly after selloff

    At 1532 GMT, the rand traded at 17.0910 per dollar, 0.5% firmer than its close on Thursday, when it fell more than 3% on a brutal day for global markets.