South african economy
SA seeking additional R95 bln for fight against COVID-19
The country has approached the International Monetary Fund (IMF), the World Bank, and African Development Bank to source funding that will contribute to its...
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Rand flat as dollar rebound blocks surge to 14 mark
At 1500 GMT, the rand was 0.1% firmer at 14.0750 per dollar, backtracking slightly after reaching a session-strongest 14.0375 before bids stalled just shy of the 14.00 technical resistance mark seen by traders as key to moves in either direction.
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CARTOON: Can Sona 'fashion a fix' for SA economy?
Dr Jack
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Rand steady as investors mull developments ahead of long weekend
Government bonds also gained, with the yield on the benchmark 2026 bond falling 0.5 basis points to 8.385%.
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FIKILE-NTSIKELELO MOYA: There are more pressing issues than the SARB's mandate
I am sure many South Africans who are increasingly having to make do with less would probably wish that the most pressing matter in the minds of those in charge of government was the economy.
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Rand hits 1-week low as firm dollar weighs
At 0640 GMT, the rand was 0.39% weaker at 13.6600 per dollar, its weakest since 29 January, compared with an overnight close of 13.6250 in New York.
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S&P says unlikely to lower South Africa's ratings like Turkey
S&P added in its report that South Africa’s external metrics were solid and that its monetary flexibility was a credit strength.
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Rand retreats ahead of US jobs data
At 0640 GMT the rand was 0.6% weaker at R12.6625 per dollar compared to a close of R12.5875 overnight in New York.
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#RandReport: Rand falls before Fed meeting outcome, stocks rise
At 1501 GMT, the rand was R12.7100 per dollar, 0.45% weaker than its close of on Tuesday. The currency had fallen to a session low of R12.7175/dollar.
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Economists: Rand weakening due to strengthening of dollar
With the United States meeting to decide on interest rates, a number of emerging market currencies have weakened against the greenback.
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#RandReport: Rand stabilises after torrid week; shares rise
At 1525 GMT the rand was steady at 0.02% at R12.4325 per dollar, having fallen as far as R12.5325 on Wednesday, its weakest since 10 January.
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#RandReport: Rand, bonds hit hard as dollar rally continues
At 1530 GMT the rand was down 1.1% at R12.4675 per dollar, its weakest since 10 January, after hitting a low of R12.5325 as emerging-market currencies dropped.
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Renewed commitment by govt to tackle SA’s financial woes - Nene
Finance Minister Nhlanhla Nene is attending the 2018 spring meetings of the International Monetary Fund and world bank group in Washington DC.
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#RandReport: Rand strengthens, commodity gains lift stocks
At 1500 GMT the rand was 0.42% firmer at R11.9350 against the US dollar, a touch softer than the session-best R11.9275 but its strongest in a week.
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SA's CPI falls to 7-year low as rains ease food prices
Headline annual consumer inflation slowed to 3.8% in March from 4.0% in February, the lowest figure since January 2011, Statistics SA said.
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#RandReport: Rand falls as risk appetite wanes, stocks up
At 1540 GMT the rand was 0.61% weaker at R12.0125 per dollar, compared to Wednesday’s close of R11.9400.
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#RandReport: Rand firms as dollar hammered by Syria fears, stocks lower
At 1512 GMT, the rand traded at R11.9900 against the dollar, 0.39% firmer than Tuesday’s close of R12.0375.
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#RandReport: Rand falls on trade war fears, stocks up
At 1506 GMT, the rand was 0.63% weaker at R12.0575 per dollar compared to Thursday’s close.
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#RandReport: Rand falls after Reserve Bank rate cut
The rand traded as much as 1% weaker versus the dollar in the immediate aftermath of the rate cut before paring losses to trade at R11.7375 per dollar.
