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  • Picture: EWN

    Rand firms as investors await next bout of weakness

    The rand has fallen more than 9% since the beginning of August, pressured by the rising likelihood of a credit ratings downgrade by linked to massive, additional bailout to state power firm Eskom and, this week, by signs of a slower global growth.

  • Picture: Supplied.

    Rand and shares bounce from sharp losses

    Traders said the recovery was likely to be short-lived, given the domestic economic and political outlook after a contraction in GDP and continuing legal challenges against President Cyril Ramaphosa.

  • Picture: EWN.

    Rand weaker as local politics weigh

    The rand plunged to R15.3100 on Wednesday, its lowest level since September 2018, with weak data, worries about the impact on the economy of heavily indebted state-owned energy firm Eskom and negative commentary from credit rating agencies piling pressure on the currency.

  • Picture: Supplied

    Rand hits new 11-month low, stocks firm

    Poor economic data, worries about financial troubles at state-owned power firm Eskom and negative commentary from credit rating agencies have all contributed to recent rand weakness.

  • Picture: EWN

    Rand steadies after hitting 11-month low

    Poor economic data, worries about the impact of state-owned energy firm Eskom and negative commentary from credit rating agencies have all contributed to recent rand weakness.

  • Picture: EWN

    Rand flat, hovers near 2-month low

    The currency slipped to R15.0000 to the dollar on Tuesday, its weakest since 7 June, after rating agency Moody’s said struggling state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable.

  • South African rand. Picture: Christa Eybers/EWN

    Rand steady; focus on unemployment, trade data

    The currency weakened to a 4-week low of R14.3150 on Friday after Fitch downgraded the outlook for South Africa’s sub-investment credit rating, citing increased support for struggling state firms such as the power utility Eskom among other factors.

  • Picture: EWN

    Rand weaker as Moody's warning continues to weigh

    At 0750 GMT, the rand was 0.53% weaker at R14.1650 adding to the previous session’s losses of more than 1% following the statement by Moody’s, which gives the country its last investment grade rating.

  • South African rand. Picture: Christa Eybers/EWN

    Rand wobbles after Moody's warning over Eskom bailout

    The rand weakened on Thursday, dragged lower by a Moody’s report saying the government’s proposal to offer R59 billion ($4.25 billion) in additional support for cash-strapped power utility Eskom was credit negative.

  • Picture: EWN

    Rand firms as yield hunt outweighs fiscal pressures

    The rand firmed early on Wednesday ahead of consumer inflation data, shaking off a growth downgrade by the International Monetary Fund and a bailout for power firm Eskom that could add pressure to the country’s finances.

  • Picture: Supplied.

    Rand rallies after central bank cuts rates

    The rand edged higher against the dollar in early Friday trade and bond yields fell after the central bank cut its main lending rate by 25 basis points on Thursday in a widely expected move to counter floundering economic growth.

  • Picture: Christa Eybers/EWN

    Rand, bonds rally after central bank cuts rates

    The rand rallied against the dollar on Thursday and bond yields fell after the central bank cut its main lending rate by 25 basis points in a widely expected move to counter floundering economic growth.