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  • The rand pushes below 11/$ in the run up to release of GDP data tomorrow
  • The rand kicked off the week slightly firmer against the dollar. Traders will have their eyes firmly focused on the release of gross domestic product (GDP) data coming out tomorrow. This will show how South Africa's economy performed over the third quarter of the year. Let's take a closer look at what's going on with the rand… The rand is trading firmer against the greenback Th... ››› more
  • [24 November 2014]
  • Power emergency: Eskom urges its industrial customers to cut usage
  • Yesterday, power utility Eskom asked its industrial customers to cut their usage as it contends with yet another issue over its power supply. This comes as the electricity provider is dealing with high demand for power due to bad weather conditions. Let's take a closer look at what's going on… Eskom asked industrial users to cut power use by 10% Eskom asked its “large industrial... ››› more
  • [24 November 2014]
  • The rand surges towards 11/$
  • This afternoon, the local currency has gained nearly a percent. After a slow morning, the rand gained momentum to strengthen against the dollar along with other emerging market currencies. Let's take a closer look at what's going on… The rand rallied this afternoon This morning, the rand treaded water against the greenback looking for direction, says Fin24. It managed to strengthe... ››› more
  • [18 November 2014]
  • The rand slides through 11.30/$ after Moody's downgrade
  • Late yesterday, ratings agency Moody's cut South Africa's credit rating amidst worries over economic growth. The news sent the rand substantially weaker. Let's take a closer look at what's going on… The rand fell to levels not seen in a month The rand weakened to its worst “level in over four-weeks against the US dollar,” reports Fin24. This comes after Moody’s downgraded SA... ››› more
  • [07 November 2014]
  • The rand is hovering around three-week lows as traders await news from Europe and the US
  • Yesterday the rand hit levels not seen for three-weeks as the dollar gained traction. The dollar took a boost from medium-term elections. Traders are waiting for the outcome of the European Central Bank's monetary policy meeting later today and the US jobs report due out tomorrow. The local currency is feeling the pressure. Just as Gill Marcus finishes her term as Reserve Bank governor th... ››› more
  • [06 November 2014]
  • Business confidence falls to its worst level in 15-years
  • Earlier today, the South African Chamber of Commerce and Industry (SACCI) released its business confidence index (BCI) for last month. The data showed that it dropped to its lowest level since October 1999. So why did the index fall? Let's take a closer look… BCI came in at 88.8 for the month Business confidence dropped to “88.8 in October,” reports Fin24. That’s down fro... ››› more
  • [05 November 2014]
  • Motorists can look forward to significant fuel price drops on Wednesday
  • Next Wednesday, motorists across South Africa can breathe a slight sigh of relief when it comes to filling their vehicles. As expected, the price of petrol and diesel will drop significantly. This is thanks to a lower oil price and the rand holding its ground. So how much will you be paying at the pumps from 5 November? Let's take a closer look… The petrol price will fall 45c a li... ››› more
  • [31 October 2014]
  • The rand firms against the dollar and looks set to end the week below 11/$
  • Local traders were concerned at the start of the week about what it had in store for the local currency. This week, a number of key data releases could have sent the rand into a tail spin. But so far it's holding firm. All week the rand has managed to keep below the key 11 to the dollar level. Let's take a closer look at what's going on… The rand gained against the dollar The r... ››› more
  • [31 October 2014]
  • Motorists can look forward to a significant cut in the fuel price next week
  • Earlier today, the Automobile Association (AA) of South Africa said it expects a hefty drop in the price of fuel next week. There's good news for both the price of petrol and diesel. Let's take a closer look at what could be in store next week… The petrol price and the diesel price will drop The AA says it expects “further fuel price relief” come next Wednesday, reports Fin24.... ››› more
  • [29 October 2014]
  • The rand hits a six-week high against the dollar after disappointing US data
  • At the beginning of the week, the rand eyed a week full of important domestic data releases. This includes employment figures, producer inflation and trade balance data. Expectations were for the rand to remain range bound hovering around 11 to the dollar. But data out of the US yesterday helped to give the rand a much needed boost. Let's take a closer look at what's going on… The ra... ››› more
  • [29 October 2014]


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