5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • A slight move weaker in the overnight session puts the rand back at just below the R15.30/$ mark. Risk sentiment seems to be on the up as a glimmer of hope for stimulus lies on the horizon following the inversion of the US yield curve. At the same time, the Chinese central bank lowered corporate borrowing costs over the weekend following a slew of poor economic data. On Monday the rand was at R15.27 to the dollar R18.56 to the pound and R16.94 to the euro.

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5 important things happening in South Africa today