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  • President Zuma attends the US-African Leaders Summit to drum up more investment and trade
  • Yesterday, President Jacob Zuma arrived in Washington. President Zuma is attending the US-African Leaders Summit along with nearly 50 other African heads of state. President Zuma's main aim at the summit is to encourage more investment and trade between South Africa and the US. And to assist securing other Africa-wide initiatives. Let's take a closer look at what's going on… The thre... ››› more
  • [04 August 2014]
  • What's happening in the markets this week
  • To find out what will be happening in the markets this week... Read below Strike over?   The metal workers strike is supposedly over. The big union, NUMSA, and the main employer's body, SEIFSA, agreed to the terms of a new deal. Unfortunately a smaller grouping of employers, NEASA, is not happy with the deal and has locked out some workers. They claim that they shouldn't be ... ››› more
  • [04 August 2014]
  • The rand battles to hold its ground against the greenback
  • At the beginning of the week, analysts predicted a volatile few days lay ahead for the rand. And they weren't wrong. Today, the release of important local data provided some support to the local currency. But a stronger dollar is putting up a fight. And financial issues in Argentina aren't helping emerging markets as a whole. Let's take a closer look at what's going on with the rand. T... ››› more
  • [31 July 2014]
  • Poor economic data is starting to weigh on the rand
  • Since the Reserve Bank hiked interest rates, the rand has enjoyed some brief respite. But the local currency looks set for a rocky ride as more data could show what a sorry state the economy's in. Add to this crucial data due out in the US, and the rand could face more pressure. Let's take a closer look at what's going on… The rand is trading weaker this morning So far this morning, the... ››› more
  • [30 July 2014]
  • Unemployment notches higher as the manufacturing sector dumps jobs
  • Earlier today, Stats SA released its data for unemployment covering the second quarter of the year. The data showed that, yet again, the number of people out of work rose. Let's take a closer look at what the data revealed… Unemployment rose to 25.5% from April to June The rate of unemployment in South Africa rose from 25.2% in the first quarter of the year to 25.5% in the second... ››› more
  • [29 July 2014]
  • The rand loses footing even though a four-week strike by metalworkers ends
  • Late yesterday afternoon, when it emerged the metalworkers strike was over after parties agreed on a deal, the rand strengthened slightly. But by early evening it was already losing ground. So what's going on with the local currency? Let's take a closer look… The rand struggles to hold its ground The rand traded weaker against the dollar this morning, reports Fin24. Offsetting the... ››› more
  • [29 July 2014]
  • How is the rand going to cope in a week stocked-full of economic data?
  • Since the Reserve Bank hiked interest rates 0.25% nearly two weeks ago, the rand has found some support. But this week sees the release of a bout of domestic economic data. And there's the release of crucial data out of the US too. So how is the rand going to react? Let's take a closer look… The week is full of rand-moving data releases The rand started the week on the quiet side,... ››› more
  • [28 July 2014]
  • Could today see an end to the four-week long metalworkers strike?
  • The metalworkers strike is now four-weeks old. But again, there are glimmers of hope that involved parties will agree to a new wage deal. The National Union of Metalworkers of South Africa (NUMSA) has suggested that a new development could help to bring an end to the strike. But the union is remaining guarded until it discusses these developments with its members. Let's take a closer look at... ››› more
  • [28 July 2014]
  • The rand continues its rally against the dollar, breaking through R10.50/$
  • It's been a good week for the rand. Since the Reserve Bank hikes interest rates last week, the rand has been gaining against the dollar. The rand is now trading at levels not seen in two months. Let's take a closer look at what's going on… The rand continues to strengthen This afternoon, the rand crashed through “R10.50 per dollar resistance,” reports Fin24. Spurring the local cur... ››› more
  • [24 July 2014]


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