SA's explosive cocktail: coronavirus and Aids
Local
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Rand rallies with riskier assets on signs of slower coronavirus infection rates
Stocks were also significantly higher, as yield and value hungry investors kept on the sidelines during recent volatility took advantage of historically low prices to re-enter the market.
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Rand firmer as risk takers return, stocks up 3.29%
At 1500 GMT the rand was 1.84% firmer at 18.7000 per dollar, having kicked-off the session at 19.0900 and looking poised for further falls after Fitch slashed the country’s debt deeper into sub-investment-grade late on Friday.
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Rand continues to nosedive, reaches record lows against the dollar
The rand is among a number of emerging market currencies that have continued to plummet as fears grow about the effects of the coronavirus.
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Rand firms after trade data, stocks rise
At 1550 GMT the rand was 0.78% firmer at 17.7700 to the dollar.
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Rand on the ropes as virus fears mount
At 0700 GMT the rand traded 1.2% weaker at 17.7380 per dollar against a close of 17.5310 on Friday, edging closer to an all-time worst level of 17.9950 reached in late 2015.
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Rand weakens on virus concerns; focus shifts to rate decision
At 0650 GMT, the rand traded at 16.4700 per dollar, 1.94% weaker than its close on Friday.
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Rand steady as coronavirus-induced sell-off pauses
The mood in financial markets improved somewhat on Friday, with Asian equities staging a recovery and US stocks futures pointing to a firmer start on Wall Street as attention turned to a US stimulus package.
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Rand hammered by growing impact of coronavirus
US President Donald Trump’s surprise decision to ban travel from Europe to reduce the impact of the virus added more pressure to trading, as disruptions to trade and the world economy emerged.
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Rand retreats as coronavirus worries weigh
News that state power firm Eskom would cut up to 4,000 megawatts of electricity from the national grid has also rekindled bearish bets on the local unit.
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Rand crumbles to 4-year low as panic selling in Asia deepens rout
At 0630 GMT, the rand was 3.82% weaker at 16.3000 per dollar, having plunged to 16.9850, its lowest since February 2016, earlier in the session.
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Rand firmer as Fed cut bets slow virus-linked selloff
At 0645 GMT the rand was 0.2% firmer at 15.6000 per dollar, eking out gains in light liquidity Asian trading session, remaining at its worst level in four years as the rapid spread of the coronavirus compounded fears of credit rating downgrades.
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Rand weaker ahead of budget speech
The rand was down 0.3% at 15.2100 per dollar by 1630 GMT, extending losses from Monday and mirroring falls in other emerging market currencies as the virus outbreak gathered pace beyond China.
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Rand, stocks tumble as coronavirus adds to budget worries
At 1530 GMT the was 1.02% weaker at 15.1650 per dollar.
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Emerging stocks wobble as coronavirus risks grow, FX hit by strong dollar
South Africa’s currency has also taken a hit from growing pessimism around the country’s economy, while local investors remained on edge ahead of a looming ratings decision by Moody’s.
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Rand ticks lower as Moody's stokes downgrade fears
By 1500 GMT, the rand was 0.41% weaker at 15.0420 per dollar, its weakest level since 10 February.
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Rand falls as Moody's cuts growth forecast, stocks firm
Moody’s is the last of the major international agencies to keep an investment-grade rating on the sovereign and is scheduled to review that assessment in March.
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Rand firmer after Ramaphosa's speech, stocks flat
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.
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Rand falls after dismal data, stocks rise
At 1530 GMT, the rand was 0.3% weaker at 14.8700 per dollar, retreating after sailing to a session best of 14.7320.
