ARTICLES RELATING TO RAND

Rand strength sets tone for JSE slide

2017-06-22 17:51

The rand strengthened causing rand hedge stocks to trade under pressure, which dragged the overall index lower.

Investors on high alert after Public Protector bombshell

2017-06-20 21:15

Recent statements by Public Protector Busisiwe Mkhwebane will not be taken lightly by markets and investors, warns an economist.

Governor strikes back: SARB has duty to protect rand

2017-06-19 22:05

The South African Reserve Bank has a “constitutional mandate ... to protect the value of the currency in the interests of balanced and sustainable growth”, says governor Lesetja Kganyago.

Why it’s not for Public Protector to make economic policy

2017-06-19 20:11

The Public Protector is certainly not an economic policy-making institution or a body writing the Constitution, an economist tells Fin24.

Fed hike dents rand gains

2017-06-14 22:34

The rand has back-tracked from its strong R12.56/$-level, but still traded 0.9% firmer than its previous New York close as the Fed hike cancelled the gains on weak US data.

Rand breaks below R12.60/$ on poor US data

2017-06-14 15:19

The rand has strengthened almost 1.5% after US CPI and retail sales came out worse than expected.

Rand survives downgrade storm despite warnings of more to come

2017-06-12 11:48

The rand has survived the latest rating agency announcement, which saw Moody’s downgrade both the local and foreign currency rating to Baa3 and maintained a negative outlook.

Rand wins as UK hung parliament raises Brexit concerns

2017-06-09 07:51

The rand has strengthened quickly against the British pound, after England’s election results shattered UK Prime Minister Theresa May’s plan of consolidating power.

Rand knocked as new poll gives Corbyn lead over May on day UK votes

2017-06-08 09:38

The rand has weakened sharply suddenly after a new poll put Labour party leader Jeremy Corbyn ahead of Prime Minister and Tories leader Theresa May for the first time as the English go the polls.

Recession shock knocks volatile rand

2017-06-06 12:24

The rand has see-sawed backwards heavily after Stats SA revealed the country is in a technical recession for the second time in eight years.

 

Rand jumps as Moody’s warns SA about Mining Charter

2017-06-21 11:24

The rand has lost ground as ratings agency Moody’s released a report criticising the Mining Charter, instantly jumping from R13.03 to R13.13 on the news.

SARB seeks urgent court review to set aside Public Protector’s ‘unlawful’ action

2017-06-20 08:59

The SA Reserve Bank says Public Protector Busisiwe Mkhwebane’s remedial action to change the Constitution regarding its mandate to protect the value of the rand “falls outside her powers and is unlawful”.

SA's crisis of confidence and the policy response

2017-06-19 22:00

An address by Lesetja Kganyago, Governor of the South African Reserve Bank, at the CEEF Africa Annual Banquet in celebration of 21 years of leadership investment.

Rand tanks as Public Protector opens Pandora’s box on currency laws

2017-06-19 14:26

The rand has tanked after Public Protector Busisiwe Mkhwebane recommended changes to the Constitution that would see the removal of a clause to protect the currency.

JSE softens on stronger rand, while strong retail data surprises

2017-06-14 20:06

The rand continued to strengthen on the back of improved retail sales data.

Recession probably over already – analysts

2017-06-13 06:00

Analysts say that South Africa had entered a recession as far back as September 2016, and that the economy has probably already started recovering.

Taking a broad long-term view of the future

2017-06-12 09:51

In turbulent times, it is important to step away from the noise and to consider how various asset classes will perform in the future.

Local equities close lower in volatile trade

2017-06-08 17:47

Equities on the JSE closed weaker after a volatile trading session which saw the ALSI Futures trading within a 402 point range, eventually closing in the red, down 0.18%.

Markets mixed as investors await UK general elections

2017-06-07 17:53

Markets traded fairly mixed as investors await the British general elections which are scheduled to take place on Thursday.

5 business stories you need to read

2017-06-05 18:02

Former Eskom CEO Brian Molefe is still dominating business news, while the rand is showing some muscle. Here is a round-up of the top stories on Fin24.

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