Markets WRAP: Rand and emerging market currencies fail to hold gains

2018-10-19 09:40

The rand and emerging market currencies fall short of the feat displayed earlier this week.

Markets WRAP: Mining production tumbles, rand slightly weaker

2018-10-18 09:11

The rand treaded between R14.17/$ and R14.35/$ during Thursday's session.

6 reasons why the rand is back from the dead

2018-10-16 15:36

From US president Donald Trump's attacks on the Fed to the Mboweni effect.

Rand gains on weaker US retail numbers

2018-10-15 15:25

The rand was trading a percent stronger on Monday afternoon.

Rand on front foot as currency firms to under R14.50/$

2018-10-12 10:10

The rand strengthened almost 1.5% against the dollar in early trade as the US currency continued its slide on poor inflation data.

Rand rides Mboweni wave - but strong dollar remains a threat

2018-10-10 10:05

The local currency gained 1.8% against the greenback on Tuesday, an indication of positive market reaction to the announcement that the former SA Reserve Bank governor had been named finance minister.

Rand holds gains as Tito Mboweni announced as finance minister

2018-10-09 16:29

In a short address President Ramaphosa said it was is a measure of Nhlanhla Nene's character that he offered to resign although he had 'not been implicated in acts of wrongdoing'.

Rand will continue to test R15/$ with Nene's fate undecided

2018-10-09 11:18

The rand will continue to test the R15.00/$ mark until there is clarity on whether Finance Minister Nhlanhla Nene will be stepping down, according to analysts.

Top forecaster sees rand gain as local investor flight eases

2018-10-05 13:46

There’s no place left to run for South African investors who want to diversify away from the country’s ailing economy - and that may be good news for the rand, according to strategist Mike Keenan.

Rand weakens in early trade as strong dollar keeps pressure on

2018-10-04 08:44

Positive economic data out of the US and a strong dollar have put the rand on the bank foot.

 

South Africa slump batters smaller neighbours protecting rand peg

2018-10-18 09:29

South Africans aren’t the only ones struggling through the country’s economic slump.

US corporate earnings provide catalyst for stock gains

2018-10-16 18:00

The JSE closed firmer on Tuesday as global stocks shifted their attention to earnings releases from giants such as Goldman Sachs and Morgan Stanley.

Rand ‘rides wave’ as Turkish lira firms

2018-10-16 10:23

The rand has continued to strengthen on the back of lower-than-expected US retail sales as well as a firmer Turkish lira, firming to a high of R14.28 to the greenback on Tuesday morning.

Rand firm as Moody's delays ratings move

2018-10-15 10:39

The rand has strengthened further after Moody's Investors Service held off on its ratings review.

Nene rollercoaster takes Nomura from biggest rand bear to bull

2018-10-11 07:21

'Nene having to go despite not being found guilty of wrongdoing' is a sign that tolerance of corruption “'s much lower than it was in the past,' says a Nomura strategist.

JSE closes flat as Tito Mboweni is named new finance minister

2018-10-09 19:11

President Cyril Ramaphosa announced that Tito Mboweni would replace Nhlanhla Nene as finance minister towards the close of the local bourse.

Rand weakens to R15/$ as Nene's fate hangs in the balance

2018-10-09 12:32

The rand touched R15/$ on Tuesday afternoon, amid continuing uncertainty over the fate of SA's Finance Minister Nhlanhla Nene and a marginally stronger dollar.

Rand could weaken to under R15/$ if Nene resigns, say analysts

2018-10-08 10:03

News24 reported earlier on Monday that Nene asked President Cyril Ramaphosa to relieve him of his duties in the wake of his testimony at the Zondo Commission of Inquiry that he met multiple times with the Gupta family.

Morgan Stanley warns rand is most vulnerable to US yield rise

2018-10-04 21:15

The rand is most vulnerable to the rise in US Treasury rates among its emerging-market peers, according to Morgan Stanley.

Rand slips as US reaches trade agreement with Canada, Mexico

2018-10-02 09:17

The US dollar is trading stronger as the US and Canada have reached a trade agreement, signaling a possible slide in the rand.

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