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  • 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]
  • The rand manages to hold below 11/$ in a week full of telling data releases
  • Since the finance minister gave his first medium-term budget speech last week, the rand has managed to stay below 11/$. But the local currency weakened slightly this morning as it prepares itself for a week full of important data releases. They have the potential to put strain on the rand. Let's take a closer look at what's going on… The mini budget pleased investors which in turn bo... ››› more
  • [27 October 2014]
  • What's happening in the markets this week
  • To find out what will be happening in the markets this week... Read below Death and Taxes According to the popular saying, there are just two certainties in life; Death and Taxes. This week we got to experience the effect of both on the market and it wasn’t pretty. Our new finance minister, Mr Nene, gave us a widely praised but rather downbeat interim budget. He outlined the state o... ››› more
  • [27 October 2014]
  • The rand manages to hold below 11/$ on the back of Nene's debut mini budget
  • The last few weeks have been hard going for the rand. A strong dollar and investors staying away from riskier assets has hit the currency. But since Wednesday when finance minister Nhlanhla Nene gave his first medium-term budget, the local currency has managed to sustain its gains. It appears traders liked the measures Mr Nene outlined to deal with South Africa's burgeoning budget deficit. L... ››› more
  • [24 October 2014]
  • What happened at Nene's debut mini budget?
  • This afternoon, recently appointed finance minister Nhlanhla Nene gave his first medium-term budget. So what did the finance minister's mini budget contain? It detailed how he plans to cut government spending and it contained some bad news on the tax front for South Africans. Let's take a closer look… The finance minister is set on cutting costs and boosting revenue to the government... ››› more
  • [22 October 2014]
  • Motorists look likely to pay less at the pump thanks to the sharp drop in the oil price
  • Over the last few weeks, the oil price has been falling. This week, the price hit a four-year low. So what does it mean for motorists? Despite the rand remaining stubbornly weak, the oil price should lead to lower prices at the pump come the beginning of November. Let's take a closer look at what's going on… The petrol price looks set to fall Yesterday, the Automobile Associati... ››› more
  • [17 October 2014]
  • What's happening in the markets this week
  • To find out what will be happening in the markets this week... Read below The Bear Feasts Over the last few months many analysts have been talking about the fact that we haven’t had a significant pullback in quite some time. The last few weeks have provided the correction that they had called for, even if it was a bit more vicious than had been anticipated. The bear doesn’t eat often, ... ››› more
  • [17 October 2014]
  • The rand continues to lose its battle against the dollar
  • The rand is under renewed pressure again today. The local currency is struggling against the dollar as worries weigh over the state of the world's largest economies. Let's take a closer look at what's going on… The rand showed notable strength yesterday Yesterday, the rand managed to break through R11 to the dollar “for the second time this week,” reports iAfrica. The local cu... ››› more
  • [16 October 2014]
  • After a slight reprieve, the rand slides as investors pile into the dollar
  • With the US markets closed for business yesterday, the rand firmed following the release of a very positive trading update out of China. But the strength the local currency saw appears to have been short-lived. Traders are once again dumping riskier currencies in favour of the dollar. So what's going on? Let's take a closer look… The rand started off well before weakening Earli... ››› more
  • [14 October 2014]


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