Friday, July 20, 2018
The rand’s comeback against the dollar this month will run out of steam as US rates rise and the trade war between the world’s two biggest economies weighs on global growth, according to the most accurate forecaster of the South African currency. The rand has gained 2.2% against the greenback...
 The rand was reasonably strong on Tuesday morning, catching the spoils of so-called risk-on trade. Foreigners were net buyers of local bonds the value of R1.42bn on Monday, boosting the value of the rand, which plays a key role in the outlook for inflation. With the dust appearing to settle on global markets, investors...
The rand was reasonably stronger on Monday morning, building on last week’s momentum that saw the currency recover almost 2% against the dollar, thus helping to reduce the probability of another fuel hike. A weaker rand and higher international prices over the past few months have helped push petrol to record highs,...
Asian markets were surprisingly calm after the US commenced its threatened trade war against China at midnight Washington time — or 6am on Friday in SA. "A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34bn worth of Chinese...
JOHANNESBURG - South Africa’s rand edged weaker in early trade on Thursday. At 0630 GMT the rand was 0.13 percent weaker at 13.6950, above the 13.60 resistance mark that has recently drawn in sellers looking to pocket dollars cheap. “Over the most recent sessions, any sign of rand strength has seen...
South African President Cyril Ramaphosa recently made an astonishing statement, that the country's governance is collapsing. It takes extraordinary courage for a head of state and of the national executive to be so candid. Ramaphosa's statement followed the release of damning data about the state of governance in the country....
JOHANNESBURG - South Africa’s rand remained under pressure on Tuesday, heading back towards its weakest this year as a strong dollar weighed. At 0600 GMT, the rand traded at 13.8850 versus the dollar, 0.4 percent weaker than its close on Monday. Investors have ramped up bets that escalating trade tensions between the U.S....
The rand weakened to within a hair’s breadth of the symbolic R14/$, putting it on track for its worst quarterly performance since 2011. The rand has been a casualty in the trade spat between the US and China, which has brought uncertainty to the global market place, thus undermining appetite...
 JOHANNESBURG - South Africa’s rand edged weaker early on Tuesday following a brief recovery overnight as an ongoing trade spat between China and the United States weighed. At 0714 GMT the rand was 0.2 percent weaker at 13.5675 per dollar, having traded as firm as 13.4000 overnight as importers were enticed to...
 The recovery in the value of the rand hit a snag on Monday morning, with the apparent re-emergence of global trade concerns serving as an excuse for market players to shy away from risky assets. The risk-off trade played out in weaker equities. The rand has recently been caught up in the crossfire...