Kaizer Chiefs edge Cape Town City on penalties in TKO
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Rand steady, markets digest Cabinet news
Ramaphosa announced his smaller Cabinet late on Wednesday, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors.
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Rand tumbles on 5-month low on Cabinet anxiety, risk aversion
The rand fell more than 2% on Tuesday as deputy president David Mabuza was sworn in as a lawmaker after being cleared by the ruling African National Congress of bringing the party into disrepute.
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Rand falls as trade war concerns hurt sentiment
The rand weakened on Tuesday, falling more than 1% in early trade as Sino-US trade tensions dampened market sentiment.
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Rand recovers as lending rates seen steady for longer
The Reserve Bank’s five-member policy committee voted 3-2 to keep rates steady at 6.75%, saying that while inflation and inflation expectations were close to the middle of the bank’s 3% to 6% target range, they had not yet settled there.
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Rand dips ahead of lending rates decision
The rand gave back the marginal gains it made in the previous session, having edged ahead after consumer inflation data on Wednesday showed price growth dipped below the Reserve Bank’s midpoint target of 4.5%.
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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.
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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.
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Rand weaker after US Federal Reserve holds lending rates, stocks gain
The US Federal Reserve on Wednesday held interest rates steady and signalled little appetite to adjust them any time soon.
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Rand firmer as dollar buyers tread water ahead of Fed comments
The rand firmed early on Monday, scoring some relief against a slack dollar as investors looked ahead to key offshore events including a report from the US central bank.
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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.
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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.
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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.
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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.
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#RandReport: Rand weaker before next Brexit showdown
At 15:05 GMT the rand was trading at 14.4050 per dollar, 0.42% weaker than its New York close of 14.3450 on Tuesday.
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Rand falls as dollar hovers near 2-week high
On Tuesday, the dollar rose as unexpectedly strong data on US services industries and new home sales helped sooth some fears about the state of the world’s top economy.
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Rand slips in early trade
Similar falls were seen in other emerging market currencies like the Russian rouble and Turkish lira.
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Rand consolidates gains after dollar dip
With little on the local data front, the rand has looked to offshore events for direction, and has seen volatile trade with swings in the dollar setting the tone.
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#RandReport: Rand firmer on positive trade data
South Africa’s trade deficit swung to R3.49 billion surplus in November from a revised R4.28 billion deficit in October, official data showed on Friday.
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#RandReport: Rand on course for weekly gains, stocks up
At 1515 GMT, the rand traded at 14.3550 per dollar, 0.28% stronger than its previous close.
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Rand weaker in early trade
The rand weakened more than 1% early on Friday, in line with a rise in bond yields, as investor appetite for riskier assets dimmed ahead of an expected US interest rate hike early next week.
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Rand weakens as trade worries sour risk appetite
The waning hopes of a swift resolution to the US-China trade war overshadowed news of the South African economy snapping out of recession in the third quarter and surpassing economists’ expectations.
