• Picture: Christa Eybers/EWN

    Rand firmer after Ramaphosa's speech

    President Cyril Ramaphosa acknowledged in an annual address to Parliament on Thursday evening that growth had stalled, exacerbating high levels of unemployment and increasing hardship for millions of citizens.

  • Picture: EWN

    Rand stretches gains with EMs back in favour

    The currency rose in the face of data on Tuesday showing unemployment remained at an 11-year peak in the fourth quarter and manufacturing output for December shrank 5.9% year-on-year. Traders said weak growth was already priced in.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand firms; focus shifts to data, Ramaphosa speech

    Markets will be watching out for Ramaphosa’s annual speech at the opening of Parliament on Thursday for clarity on policy and reform, amid power cuts that have knocked confidence in the economy.

  • Picture: Supplied

    Rand inches up ahead of key data

    At 1500 GMT, the rand was 0.1% firmer at 15.0300 per dollar, compared with Friday’s three-month low of 15.1200 when the currency was hit by global concerns over the coronavirus outbreak and the resumption of local power outages.

  • Picture: pixabay.com

    Rand falls as business confidence weakens

    The rand had a torrid January, losing around 8% to the greenback as fears of the impact on global growth from the coronavirus outbreak triggered heavy selloff of emerging market assets.

  • South African rand. Picture: Christa Eybers/EWN

    Rand edges up as relief rally slows

    At 0700 GMT, the rand was 0.08% firmer at R14.7500 per dollar, a fourth consecutive start on the front foot following a torrid January that saw the currency shed nearly 8% on its way to a two-month low.

  • Pixabay.com

    Rand firmer as virus selloff pauses

    The rand has tumbled 5.2% against the greenback since the beginning of the year, more than 4% of those losses in the past week as a risk-off emerging market selloff was accelerated by renewed signs the local economy remained weak.