ARTICLES RELATING TO FOREX

Whats in a name? All you need to know about Zim's new currency

2019-03-15 19:46

In February, Zimbabwe introduced a new currency called the RTGS, or real-time gross settlement dollar, in the process abandoning its long held 1:1 parity between the US dollar and its local transactional instrument - the bond note.

Foreign investors can finally take money out of Zim, but at a huge discount

2019-03-04 20:47

Foreign investors on the Zimbabwe Stock Exchange are likely to take a huge foreign exchange loss on their investments, but at least they can now have their money back following a new directive by the Reserve Bank of Zimbabwe.

Huge Zim fuel price hike, foreigners to pay in forex

2019-01-13 10:57

Zimbabwe has hiked fuel prices by approximately 150% with effect from midnight on Sunday as the government battles with crippling shortages.

MTN settles with Nigerian central bank on $8.1bn dispute

2018-12-27 11:59

MTN has reached a settlement with the Central Bank of Nigeria on an $8.1bn dispute relating to funds repatriated between 2007 and 2015.

Rand likely to remain volatile, says deputy SARB governor

2018-11-29 13:41

It is likely that the rand, along with other emerging market currencies, will remain volatile, says deputy governor of the SA Reserve Bank Daniel Mminele.

This is why Turkey is in meltdown – and why it is dragging the rand down with it

2018-08-13 14:12

Turkey has grown at breakneck pace and amassed debt in the process. Now, 8,000km away, South Africa is one of the countries paying the price.

Managing foreign exchange volatility

2018-06-11 13:55

Alison Barker, owner of FX Solutions Wealth, provides a health check on the rand and tips for managing foreign exchange volatility.

Google is banning all bitcoin, ICO, and cryptocurrency ads from June

2018-03-14 13:49

The new rules come into force in June and also crackdown on adverts for financial products.

More banks named in forex collusion case

2018-01-28 17:02

The Competition Commission in December 2017 filed a supplementary affidavit requesting the addition of more banks in the forex collusion case.

Competition Commission won’t take it easy on banks hoping to settle on forex cartel matter

2017-08-31 05:00

The Competition Commission says banks implicated in the forex cartel matter should not expect the same kind of settlements reached with other banks.

 

Zimbabwe miners to pay 80% wage increase

2019-03-14 20:18

Zimbabwe mining companies – which include units of Anglo Platinum, Impala Platinum and Caledonia Mining – are to award an 80% wage increase to mine workers.

Forex cartel case: Standard Chartered pleads guilty to manipulating rand, other currencies

2019-02-05 17:18

British multinational banking and financial services company, Standard Chartered, has pleaded guilty to manipulating currencies, including the rand, between 2007 and 2013.

More distressed Zim companies ring alarm bells

2019-01-11 20:02

One of Zimbabwe's biggest grocery wholesaler N Richards Group says it is losing up to 15% of turnover per day spent without accessing fuel for distribution.

Beware these fiendish credit card tricks hidden in the small print

2018-12-03 15:28

Credit card skimmers are a risk, but the fine print in your credit card contract hides all kinds of traps for the unwary user.

Predicting rand like guessing Cape Town's rainfall next winter - expert

2018-08-24 16:43

We really are in a perfect storm, with so many variables, including US President Donald Trump's tweet, affecting the rand right now, says forex expert Tim Powell.

RAND DROPS!

2018-06-21 20:00

The rand lost almost 1% against the US dollar after South Africa's current account deficit came in worse than expected and a lot worse that the previous quarter's print.

Standard Bank’s ‘abuse of process’

2018-04-29 06:00

The battle between the Competition Commission and Standard Bank in the forex-fixing case took a step up this week, with the competition watchdog accusing the bank of “a clear sign of an abuse of process”.

China levies record $870m fine for stock manipulation

2018-03-14 13:17

China has slapped a logistics company with fines totalling $870m for manipulating the stock market, the biggest ever punishment for such an infringement.

Banks being tjatjarag, says commission

2017-09-03 06:00

The “pretrial skirmishes” that are stalling the Competition Commission’s case of forex rigging against banks are starting to irk the watchdog.

Profit Trading founder arrested

2017-06-18 07:10

A Pietermaritzburg businessman who founded alleged Ponzi scheme Profit Trading was arrested by the Special Commercial Crimes Unit on allegations of fraud at a Sandton Hotel.

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