Rand falls as SA current account deficit swells to 4.8%

2018-06-21 11:36

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.

US-China trade war batters emerging market stocks and currencies

2018-06-20 06:59

Emerging markets were left reeling as the world’s two biggest economies threatened punishing tariffs in the early shots of a trade war. Stocks slid to the lowest since October and currencies dropped a sixth day, Bloomberg reports.

Rand skids as US, China trade war flares

2018-06-18 17:12

The rand continued to trade at six-month lows on Monday, skidding more than 1.7% to the US dollar as global developments continued to weigh on the local currency.

Rand pummels fuel price outlook for July - AA

2018-06-15 11:40

Fuel prices look set for another jump going into July, warns the Automobile Association.

Traders hung up on Fed as emerging markets extend declines

2018-06-13 22:00

Stocks and currencies in emerging markets extended losses after the Federal Reserve raised interest rates and upgraded its forecast to four hikes in 2018, Bloomberg reported.

Rand weakens in early trade as markets await Fed, ECB meetings

2018-06-12 11:57

The rand lost 0.4% against the dollar on Tuesday morning, as emerging markets awaited the outcomes of meetings by the US Federal Reserve Bank and the European Central Bank.

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.

Emerging-market investors await Fed as North Korea meeting looms

2018-06-11 07:56

Emerging-market money managers are tiptoeing into Monday chastened by a week that saw two surprise interest-rate hikes, a market meltdown in Brazil and Argentina’s $50bn loan rescue.

Rand slumps 4% against dollar in two days

2018-06-08 17:14

Rand losses over the past two days underline how quickly emerging market currencies can unwind in unfavourable conditions, according to analysts.

Zimbabwe opposition wants to join the rand

2018-06-08 06:15

Zimbabwe's coalition of opposition parties, the MDC Alliance, says it will join the Southern African Customs Union and the Multilateral Monetary Area if elected at the polls in July.

 

4 ways the rand meltdown may affect you in coming weeks

2018-06-20 15:07

Higher pap and bread prices are in the offing should the rand's poor performance continue.

Rand under 'massive pressure' as Trump drops next tariff bomb on China

2018-06-19 09:46

The rand lost 2% in early trade following news that US President Donald Trump is threatening new tariffs on Chinese imports.

Why load shedding topped off a bad week for the economy

2018-06-17 16:08

Two days of load shedding amidst plummeting temperatures are only topping off a week of miserable economic news for South Africans.

Rand 'smiling' as it gains 1% against dollar after Fed interest rate hike

2018-06-14 13:44

The rand's strength was due to greater market certainty after the US Federal Reserve announcing a widely expected interest rate hike, say analysts.

PICS: First look at Mandela Centenary coins and notes

2018-06-13 15:24

The South African Reserve Bank has released the designs of its commemorative banknotes and coins of Nelson Mandela’s birth centenary, ahead of the launch on July 13.

Rand would be at R17/$ without Ramaphosa at the helm - Investec's Annabel Bishop

2018-06-11 16:44

The rand has been weakening over the past week, but the exchange rate would have been markedly worse without the 'Ramaphosa Presidency effect'.

Rand sell-off intensifies amid higher US borrowing cost concerns - Nedbank

2018-06-11 12:14

The sell-off in the rand and emerging market currencies has increased amid concerns that emerging markets will face higher US borrowing costs, says Nedbank's Corporate and Investment Banking unit.

SA economy is in for a rough ride

2018-06-10 08:54

It’s too soon to see the economic gains that will result from Ramaphoria.

Rand breaks through R13.20/$ as SA shows little chance of following suit on rates

2018-06-08 10:20

The rand extended a slump after breaching R13/$ for the first time since December as investors bet there’s little chance the SA Reserve Bank will follow emerging-market peers in raising interest rates.

Liquid rand breaches R13/$ as emerging markets suffer

2018-06-07 19:21

Emerging markets in general are in a spot of bother with poor growth out of South Africa, political turmoil and other problems in the rest of the EM space, says a dealer.

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