When Cyril Ramaphosa managed to defeat Nkosazana Dlamini-Zuma and the Jacob Zuma faction for the position of ANC president, the rand went crazy.
It moved stronger by more than 10% versus the US dollar and was the world's best performing currency over the last month.
I do not argue the relief felt after the Ramaphosa win is unwarranted.
I will however say that this one change wi... ››› more
Last night, the rand managed to strengthen back under R12.00/$. This came following the release of the Federal Reserve's policy statement.
Over the past few months, speculation has been growing as to when the US central bank will start hiking interest rates. This has seen investors turning to the dollar, causing it to strengthen strongly.
But this morning, the rand has given up some of last ... ››› more
Yesterday, following the announcement by the Reserve Bank that it was raising interest rates by 25 basis points, the rand rallied. But the rally was short-lived as a Malaysian airliner came down over Ukraine and tensions continued to mount in Israel. But the rand has recovered this afternoon. Let's take a closer look at what's going on…
The rand looks slightly more attractive to traders
Inve... ››› more
The rand rallied after Reserve Bank governor Gill Marcus announced that the monetary policy committee (MPC) decided to keep interest rates unchanged. Some analysts thought the rand would weaken if rates didn't rise, but the opposite was true. Let's take a closer look at what led to the rand's rally…
The rand looks set to end the week higher
The rand was trading “slightly weaker against ... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.