The credibility and reputation of Public Protector Busisiwe Mkhwebane was dealt another blow when the Gauteng High Court made a personal costs order against her – the second in as many weeks.
US hiring topped forecasts in April as the jobless rate dipped to a fresh 49-year low and wage gains were slightly cooler than projected, suggesting the still-healthy labour market can continue to support growth without fueling inflation.
The rand has raced to a more than eight-month high against the dollar, breaching the R14.00 mark due to data showing the fourth straight monthly trade surplus in June.
US employers likely added jobs at a brisk pace in September, a sign that the labour market is near full strength and could push the Fed to raise interest rates.
The rand has held broadly steady against the dollar although investors remained jittery ahead of US jobs data.
European equities fell further Friday after US jobs data, while missing forecasts, seeemed to strengthen the case for rapidly rising US interest rates, analysts said.
First-quarter US growth rates from 2013 through 2015 are less anaemic, while subsequent rebounds are less hearty, revised data has shown.
US job growth has rebounded and the unemployment rate dropped to a near seven-year low, signs that could keep the Federal Reserve on track to hike interest rates.
US employment recorded a second straight month of solid gains in March and the jobless rate fell to a two-year low of 8.8%.
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