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S&P: South Africa needs stronger growth to escape "junk"
S&P Global Ratings’ sovereign analyst Gardner Rusike said the future rating path would be influenced by whether new President Cyril Ramaphosa follows through on promises to reform the economy.
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#RandReport: Rand weaker as S&P warns on economic headwinds
At 1531 GMT, the rand traded at R11.6550 per dollar, 0.3% lower than its overnight close of R11.6200.
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[LISTEN] Finance Minister Nene on Moody's stable outlook
Finance Minister Nhlanhla Nene says it is important to take charge of the country’s agenda while ratings agencies and investors are beginning to view it positively.
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Economist: SA's economic growth gaining momentum
The country battled last year with economic growth and political uncertainty but government and business have since consulted the three major agencies to convince them that the overall situation is changing.
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SA braces for Moody’s credit rating announcement
A cut to junk would see South Africa removed from the influential world government bond index, triggering up to R100 billion in selling by foreign investors.
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SA credit downgrade may do less damage than feared
Moody’s, with a downgrade review on South Africa since last November, is to make a decision by 23 March.
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#RandReport: Rand firms as dollar wobbles, stocks edge lower
At 15:30 GMT, the rand traded at R11.7800 per dollar, 0.36% firmer than its Monday close.
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#RandReport: Markets weak on threat of a global trade war
At 15:11 GMT the rand was 1.29% weaker at R12 per dollar, having earlier tripped to a session-low of R12.02 as trading in New York resumed and traders reactivated bets of at least four interest rate hikes.
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#RandReport: Rand stumbles to 2-week low as Fed jitters kick-in
At 2:30 pm GMT the rand was 0.98% weaker at R11.9100 per dollar, its softest level since 14 February, compared to an overnight close of R11.7875.
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#RandReport: Rand falls on profit-taking after cabinet bounce
At 5:13 pm GMT the rand was R1.15 weaker at R11.6825 per dollar, recovering slightly after hitting a session-low R11.73.
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#RandReport: Rand pulls off three-year highs, stocks rise
At 15:00 GMT, the rand was 0.58% weaker on the day at R11.61 to the dollar, after earlier hitting R11.51, its best level since February 2015.
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South Africa has till 2019 elections to cash-in on global windfall: Citi
Citi said while Ramaphosa was respected by international markets, moving fast on economic reforms was key to turning optimism into long-term investment.
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#RandReport: Rand weaker ahead of Budget, stocks lower
At 15:09 GMT the rand was 0.37% weaker at R11.6800 per dollar, having touched a session-best R11.6100 as trade in New York resumed.
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Budget speech to set out 'tough' measures to repair post-Zuma economy
Africa’s most industrialised economy, hurt by nine years of mismanagement under the scandal-plagued Jacob Zuma, faces a R50.8 billion revenue gap in 2017/18 fiscal year.
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New-look SA to harness growth, skirt Moody's rating cut
Jacob Zuma reluctantly resigned as the country’s president late on Wednesday on orders from the ruling African National Congress (ANC), bringing to an end nine scandal-plagued years in office.
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Rand strengthens as ANC joins Zuma no confidence motion
The rand was last trading at these levels in May 2015, with the local currency seeing a boost since the election of Cyril Ramaphosa as ANC leader in December.
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#RandReport: Rand firmer as bulls hang in despite Zuma impasse
At 15:32 GMT, the rand was 0.74 % firmer at R12.0700 per dollar, having slipped to a three-week trough of R12.2000 overnight.
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Gigaba warns SA will feel pain of tough budget
Finance Minister Malusi Gigaba said the upcoming budget would involve interventions in order to boost confidence and grow the economy.
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#RandReport: Rand firms at 2-1/2-year high, stock up
At 15:18 GMT, the rand traded at R11.9450 per dollar, up 0.75% from its New York close on Tuesday.
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#RandReport: Rand drifts lower; stocks at record high
At 1620 GMT, the rand was down 0.2% at R12.0800 per dollar, eating into gains of around 1% a day earlier.
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#RandReport: Rand weaker, stocks boosted by retail data
At 14:30 GMT the rand was 0.26% weaker at R12.3025 per dollar compared to its close overnight in New York.
