The rand is now the world's cheapest major currency — undervalued by 62%

2020-01-16 09:06

The rand is undervalued by 62% against the dollar, according to new numbers crunched by The Economist.

JSE rises despite weaker US jobs data

2020-01-10 17:47

United States non-farm payrolls for the month of December came in lower than expected as the US economy added 145 000 jobs instead of the forecast 160 000 jobs.

JSE softer as US-Iran tensions remain

2020-01-08 18:06

The rand recovered from its earlier slump which saw it fall to a session low of R14.45/$. The local unit rallied to peak at a session high of R14.19/$ before it was recorded trading 0.44% firmer at R14.23 against the dollar.

Rand strength seems 'somewhat divorced' from actual SA sentiment - economist

2019-12-28 16:53

The current strength of the rand appears to be "somewhat divorced" from actual sentiment around the SA economy, an emerging markets economist tells Fin24.

Volatility spread spells trouble ahead for rand

2019-12-02 20:56

Rand volatility is at a five-year low. Don’t count on it staying that way.

Resources lift the all-share index

2019-11-22 17:57

The local bourse got off to a slow start as it retreated marginally in earlier trading before it found momentum towards the afternoon session.

JSE softer as inflation falls to lowest level in 8 years

2019-11-20 18:03

The United States bill could potentially complicate the ongoing US-China trade talks which could result in a deal not being signed soon.

Industrials lead gains on the JSE

2019-11-18 18:33

The local bourse took a leaf from the firmer closes in Asian markets where the Hang Seng and Shanghai Composite Index closed 1.35% and 0.8% higher respectively, while the Nikkei managed gains of 0.49%.

Local stocks retreat as global pessimism spreads

2019-11-11 18:53

The JSE fell on Monday as it tracked other global markets lower which were dragged by increasing violence in Hong Kong, as well as US-China trade concerns.

Rand rallies with bonds as SA dodges Moody's downgrade

2019-11-04 18:54

The rand climbed and government bonds gained the most in 20 months after South Africa clung to its last investment-grade credit rating.

 

The strength of the rand

2020-01-15 15:19

The rand has lost some steam since the beginning of the year. Nevertheless, the currency is holding up against the dollar, thanks to high domestic interest rates and accommodating international monetary policies.

JSE closes weaker as resources struggle

2020-01-09 19:04

Miners have surged over the past couple of sessions on the back of firmer metal commodity prices, which have risen on the back of the tensions between the USA and Iraq.

Rand rally cut short on US assassination of top Iranian general

2020-01-03 13:27

The rand weakened by as much as 2% on Friday morning in the wake of the assassination of Qasem Soleimani by the US military.

Rand at its best level in four months, but real risks remain

2019-12-19 14:28

While the local unit usually strengthens over December, there are additional driving forces behind its recent rally, says an analyst.

Small reprieve for the JSE

2019-11-27 17:46

The JSE traded mostly flat to firmer on Wednesday as it attempted to gain traction after consecutive sessions of losses.

SARB keeps rates unchanged as JSE closes softer

2019-11-21 18:30

Locally, the South African Reserve Bank decided to keep the repo rate unchanged at 6.50% as the bank reiterated that future policy decisions would continue to be data driven.

JSE firmer as global markets remain buoyant

2019-11-19 18:03

US indices recorded fresh all-time highs led by tech shares as the main equity bourses continued to show signs of resilience. The upward momentum started off in Asia as the Hang Seng and Shanghai Composite Index closed 1.55% and 1% higher respectively.

Traders least bearish on rand in 13 years as Moody’s downgrade priced in

2019-11-11 20:15

Most analysts may be predicting South Africa will lose its last investment-grade rating, but derivatives traders couldn't care less.

Local stocks softer as manufacturing data disappoints

2019-11-07 18:56

The JSE retreated on Thursday as it went against the tide in other major global indices.

Rand bleeds after grim mid-term budget

2019-10-30 16:30

The rand lost more than 2.5% against the US dollar after Finance Minister Tito Mboweni's mini budget speech on Wednesday afternoon.

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.