Rand falls to record overnight low against dollar

2020-03-30 07:59

The rand has been the worst performing emerging market currency over the past week.

Stocks remain buoyant as US stimulus bill is passed

2020-03-25 18:01

The rise was linear for all the major indices particularly for US equity benchmarks which whipsawed between gains and losses.

Rand firms slightly against dollar in early trade, but 'toughest week of the year' looms

2020-03-24 11:02

While gaining ground against the greenback, the local currency fell against the pound and the euro.

Stocks slip further as they await US Congress decision

2020-03-23 18:09

United States markets did rebound following the announcement of an open-ended quantitative easing which will see the US Fed pump more stimulus into the economy.

Rand testing R18/$ as global markets flounder

2020-03-23 10:45

The JSE Top 40 also had a tough morning, compounding last week's losses to trade down more than 5%.

Sasol surges 45% after announcement about selling stocks, assets

2020-03-13 09:53

The Sasol group said it will be within its debt covenants on June 30, its financial year end, as long as oil prices remain at current levels.

Volatile rand makes an about-turn, strengthening more than 2%

2020-03-09 16:06

The rand has been on a roller-coaster ride, losing as much as 8% in early morning trade nearly touching R17/$ before bouncing back to R15.97/$ by noon.

Rand stronger, stocks rebound after mass sell-offs on coronavirus fears

2020-03-02 16:52

The rand moved 1.1% stronger in early trade on Monday, as markets appear to be taking a "breather" from the sell-off from the previous week, says an analyst.

Rand slumps as Moody's lowers SA growth forecast

2020-02-17 18:11

South Africa’s rand weakened and bond yields rose after Moody’s Investors Service lowered its forecasts for economic growth, raising the risk the country may lose its last investment-level credit rating.

Rand leads EM currency gains as traders digest Ramaphosa speech

2020-02-14 13:39

The local currency is heading for its best weekly performance this year.


'Hold onto your hats' for rand slump in wake of Moody's downgrade – analyst

2020-03-28 15:25

The fallout will be seen on Monday, an analyst has warned.

Stocks rally on stimulus hopes

2020-03-24 18:05

With United States Congress inching closer to passing a stimulus bill which could aid the US economy, investors looked to take a bite at riskier assets.

Small business calls for 'bold support' amid devastating virus impact

2020-03-23 19:45

The coronavirus outbreak has had a "widespread" impact on small businesses in South Africa and Small, Medium and Micro Enterprises (SMMEs) need urgent assistance on multiple fronts, according to Property Point founder Shawn Theunissen.

Rand could weaken to R19/$ amid fears of global recession

2020-03-23 16:13

The Covid-19 oubreak has triggered a sell-off in markets which have not responded well to stimulus measures by central banks.

Sifiso Skenjana | Now, more than ever, Moody's downgrade looms

2020-03-16 20:16

The coronavirus is the cherry on top of an already very well-mixed recipe, says Sifiso Skenjana.

South African market suffers worst crash since 1997

2020-03-12 17:35

US President Donald Trump’s travel ban and tepid fiscal measures sparked the latest leg down in risk assets.

Economic week ahead: Not much to be optimistic about

2020-03-09 08:21

South Africa enters a new week battered on the economic front. The rand has weakened significantly since the country confirmed its first coronavirus diagnosis and two other subsequent cases over the weekend, reaching a low of R15.67 on Sunday.

More pain ahead for rand after worst start in decade

2020-02-28 11:19

The rand is suffering its worst start to the year against the dollar since the global financial crisis of 2008, and it’s not about to get any better in March, if history is any guide.

Local bourse inches higher after another slow session

2020-02-14 17:40

The outlook was mixed in most global markets starting off in Asia where the Hang Seng and Shanghai Composite Index gained 0.31% and 0.7% respectively, while the Nikkei shed 0.59%.

Local bourse closes firmer after mixed session

2020-02-13 17:41

The US Fed has indicated that it is closely assessing the potential impact to growth that could stem from the epidemic, while in China measures such as reserve requirement cuts have been taken to bump up liquidity in the markets.

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