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Rand

  • The rand hits its best level in two weeks on the back of a weaker dollar
  • Today, the rand clawed back over 1% to trade to its best levels in two weeks. The currency is gaining on the back of a weaker greenback. The dollar is under pressure as traders bet against interest rates rising this year in the US. Let's take a closer look at what's going on… A weaker dollar is good news for the rand The rand rallied against the dollar today thanks to dollar weakn... ››› more
  • [07 October 2015]
  • Business confidence slides to a multi-decade low
  • Yesterday, the South African Chamber of Commerce and Industry (SACCI) revealed that business confidence in the country hit a 22 year low last month. So what's causing business confidence to continue to fall? Let's take a closer look… Business confidence plunged to 81.6 Last month, business confidence sunk to hit “its lowest level since the end of apartheid,” reports Fin24. Thi... ››› more
  • [07 October 2015]
  • It's a mixed bag for fuel prices this month with diesel users hardest hit
  • On Friday, the Department of Energy announced what was in store for fuel prices this month. The department revealed that prices would move up and down, it all depends on what fuel you use. Let's take a closer look… What’s going on with fuel prices? The Department of Energy said that users of 93 grade petrol will see the price fall by 2c a litre from Wednesday, reports Fin24. On ... ››› more
  • [05 October 2015]
  • Shares in Datatec plummet as a weak rand hits earnings
  • This morning, Datatec released a trading statement regarding the release of its interim results, which are due out on 21 October. The company warned that its earnings for the six months to the end of August will be 25% less than for the same period last year. Datatec's shares plunged on the news. Let's take a closer look at what's causing Datatec's earnings to come under so much pressure... ››› more
  • [30 September 2015]
  • The rand plummets to a new low against the dollar
  • Just as the rand managed to claw back some of last week's losses against the dollar yesterday, today it lost its grip. The South African currency has plunged to new record lows against the greenback as worries intensify over the state of the Chinese economy. Let's take a closer look at what's going on… Traders are shunning the risky rand The rand hit R14.13 to the dollar in earlie... ››› more
  • [29 September 2015]
  • The rand's volatility is likely to continue ahead of a strew of economic data releases
  • Last week, the rand hit new lows against the dollar and the euro. The local currency has started this week off slightly stronger, but with a mass of economic data releases due out, volatility is sure to remain. Let's take a closer look at what's going on… Speculation over US interest rates will continue to dominate As the rand clawed back some of its losses against the dollar, the... ››› more
  • [28 September 2015]
  • Shares in Tiger Brands soar almost 6% higher as its CEO steps down
  • Earlier today, Tiger Brands announced that its chief executive officer, Peter Matlare, was stepping down from his position. The statement from the company didn't divulge any more details about who would replace Mr Matlare. Shares gained on the news. Let's take a closer look at what's going on… Investors greeted Tiger Brands’ CEO departure well Shares in Tiger Brands [JSE:TBS]... ››› more
  • [25 September 2015]
  • Chances are the Reserve Bank will keep interest rates unchanged
  • Tomorrow afternoon, the South African Reserve Bank's monetary policy committee meeting will conclude. Will the committee decide to hike rates or will it keep then unchanged? Let's take a look… Interest rates may rise in November Thanks to the US Federal Reserve keeping its interest rates unchanged last Thursday, it looks likely that the Reserve Bank will follow its lead, reports F... ››› more
  • [22 September 2015]
  • After a brief relief rally, the rand suffers as traders seek safety
  • Last Thursday, the US Federal Reserve announced it was keeping interest rates on hold again. The rand and other emerging market currencies responded well to the news as the dollar weakened. But after hitting a three week high, the rand is once again on the back foot as speculation grows again about when the Fed will in fact raise rates. Let's take a closer look… The rand couldn’... ››› more
  • [21 September 2015]
  • The rand greets the Fed's decision well
  • Last night saw the release of the much anticipated statement from the US Federal Reserve about what it was going to do with interest rates. After much speculation, the Fed decided to keep rates unchanged again. Stock markets fell on the news, but there has been some respite for the rand. Let's take a closer look… The rand weakened before the Fed’s announcement Before the Fed... ››› more
  • [18 September 2015]
  • The rand gains as the current account deficit reduces more than expected
  • Yesterday, the South African Reserve Bank released its latest figures on the current account. Data showed that the current account deficit eased for the second quarter of the year. The data surprised economists who had forecast a reduction, but not by as large a margin. The rand gained on the news. Let's take a closer look… The current account deficit is now at its smallest in four y... ››› more
  • [16 September 2015]
  • The rand could be in recovery mode by the end of the year
  • The rand has continued its volatile path, but has found some stability well below R14 to the dollar after trading through the key level earlier in the week. So what's going on with the rand? And what could the future hold for the currency? Let's take a closer look… The rand’s had a roller coaster week This morning, the rand weakened slightly before the release “of a slew of Ch... ››› more
  • [11 September 2015]
  • The rand plunges to new record lows as Chinese shares sink again
  • After starting off the week on the back foot, pressure hasn't let up on the rand. Yesterday, the local currency traded through R14 to the dollar, a new record low against the greenback. So what's going on with the rand? Why is it continuing to fall? Let's take a look… The rand hits R14 to the dollar By late afternoon yesterday, the rand hit R14.0175 go the dollar, says Fin24. T... ››› more
  • [08 September 2015]
  • The Reserve Bank won't intervene as the rand continues its slide to R14/$
  • The rand has kicked off the week weaker than its close on Friday. The currency has been under immense pressure over the past few weeks. Over the weekend, the governor of the Reserve Bank said it won't step in to stem the currency's losses. The rand has weakened again this morning and is getting close to R14 to the greenback. Let's take a closer look… The rand weakens further Th... ››› more
  • [07 September 2015]
  • The rand bows to economic pressures in the build up to the release of US jobs numbers
  • The rand hit the skids again yesterday. The release of business confidence data along with the purchasing managers index (PMI) showed the SA economy is struggling to grow. And later today, the US will release its non-farm payrolls. This is adding further pressure to the rand. Let's take a closer look at what's going on… The rand is feeling the heat Yesterday, the rand traded th... ››› more
  • [04 September 2015]
  • The rand picks up but remains vulnerable to offshore developments
  • Last week saw the rand plummeting as worries over growth in China's economy hit global markets, but the local currency has managed to settle down this week. But risks still remain that could send the rand weaker again. Let's take a closer look at what's going on… The rand has pulled back some of last week’s losses Yesterday, the rand benefitted from some weakness in the dollar, ... ››› more
  • [01 September 2015]
  • Despite the rand's tumble, the petrol price is dropping again on Wednesday
  • On 2 September, motorists can look forward to paying less at the pumps for both petrol and diesel. This brings the second consecutive month of cuts to the petrol price. So what is behind a drop in the price of petrol and other fuels? Let's take a closer look… The petrol price will fall by 69c a litre On Friday, the Department of Energy revealed that from Wednesday, the petrol p... ››› more
  • [31 August 2015]
  • The rand bounces stronger as markets recover
  • After plunging at the start of the week, the rand has managed to recover to trade close to R13 to the dollar. On Monday, chaos struck global markets. This sent the local currency reeling, but the worries over China's economy seem to be abating for now. Let's take a closer look at what's going on… Worries about China remain, but the rand could strengthen further This morning, the ... ››› more
  • [27 August 2015]
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