Tag: rand
Rand crashes through R14/$
So the rand party is over… The domestic currency yesterday took a pounding like never before, tanking more than 50c in less than 36...
Weak rand could be great for manufactured exports
The rand opened about 0.5 percent weaker on Tuesday, trading near the R13.40 mark before strengthening to R13.28 during intraday trade.
However, it is...
Land debate haunts rand
The rand heads into this week with a dark cloud of local politics hanging over it as the reaction from the land expropriation decision...
Rand strengthens after Chinese R198 billion investment
The rand opened mostly directionless yesterday hovering at levels above R13.45 to the dollar before getting some much-needed inspiration from President Cyril Ramaphosa’s announcement...
SA funding to suffer from weak rand -Moody’s
South Africa will find it harder to raise funds and service its foreign debt after a worsening of external financing conditions in recent months...
Rand recovers after 3 month low
The rand steadied early on Thursday, clawing back some ground after tumbling to a three month low as some investors opted to buying the...
Rand flat ahead of economic growth numbers
South Africa’s rand was largely unchanged on Tuesday ahead of domestic growth figures set to show the economy expanded more than one percent in...
This is how land expropriation can cripple banks
Land expropriation without compensation may possibly cause a devastating banking crisis, says Head of Business Development at independent investment banking firm Bravura, Ian Matthews.
...
Warning signs for the rand as Zuma vs ANC gets messy
The rand is still trading as if South Africa’s president Jacob Zuma is as good as gone. But the options market suggests some investors...
Expect a hike in the VAT rate this month
The question on everyone’s lips ahead of the Budget Review is whether the minister of finance will announce an increase in the value added tax (VAT)...
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