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  • Picture: EWN

    Rand pauses rally with investors in wait-and-see mode

    While the domestic newsflow has pointed to a sluggish economic performance in the first quarter after weeks of electricity outages into mid-March and an uncertain outcome to national elections due in May, the rand has found support offshore.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand slips after poor local manufacturing data

    Data from Statistics South Africa released on Thursday showed that mining output was down 7.5% year-on-year in February, while manufacturing production barely grew, rising by 0.6%.

  • Picture: EWN

    Rand retreats slightly from near six-week best

    The rand retreated slightly from a near six-week best in early trade on Wednesday as investor caution prevailed due to US-Europe trade disagreements and the International Monetary Fund’s downgrade of its global economic outlook.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand on the front foot in early trade

    Since advancing to a more than one-month best at the end of March after Moody’s declined to issue a credit review, the rand has traded in a narrow range as it nears the R14.00 mark seen as the next pivot point.

  • Picture: Supplied.

    Rand retreats from 5-week high

    The rand weakened in early trade on Monday, retreating from a five-week best hit in the previous session, as currency traders looked for direction from US-China trade talks and updates on Brexit.

  • Picture: EWN

    Rand set for 3% weekly gain after Moody's review delay

    The main boost for South African assets this week came from Moody’s keeping the country’s sovereign rating in investment grade, after it let a scheduled rating review date last week pass without any rating action.

  • South African rand. Picture: Christa Eybers/EWN

    Rand firms after Moody's delays rating review

    South African markets on Friday were on edge over the impending review, with some economists concerned that a power crisis will cost the country its last investment-grade rating and lead to the outflow of billions of dollars.

  • Picture: EWN

    Rand slips as global risk rally slows

    The rand slipped on Tuesday, surrendering the previous session’s scant gains as the dollar steadied from a sell-off triggered by fears the United States economy is heading for recession.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand flat after post Fed rally

    Locally, concerns over power utility Eskom continued to weigh on sentiment, with the cash-strapped state firm saying Friday it would implement a seventh straight day of nationwide electricity cuts.

  • Picture: EWN

    Rand stutters as electricity crisis weighs

    Caution prevailed among investors as South Africa’s power utility Eskom said it would continue implementing power cuts on a rotational basis as it struggles with generating capacity shortages.

  • Picture: Christa Eybers/EWN

    Rand weakens on continued rolling power cuts

    Eskom said it would continue with planned power cuts on Monday and Tuesday after it stepped up rolling blackouts on Saturday, underscoring the risks to businesses in Africa’s most industrialised economy.

  • Picture: Supplied

    Rand recovers as trade deal hopes rise

    The rand firmed early on Friday, reversing some of its losses from the previous session with demand for emerging market currencies boosted by new signs of a trade deal between China and the United States.

  • Picture: Christa Eybers/EWN

    Rand slips as Brexit chaos weighs on risk demand

    Uncertainty over Brexit as well as caution over the prospects of a trade agreement between the United States and China has seen risk demand ebb, with investors increasingly opting for safe-haven assets like the dollar, Japanese yen and gold.