mobile menu mobile search

Tag Archives: Rand

Rand picks up after surprise growth in retail sales

Rand picks up after surprise growth in retail sales

South Africa’s retail sales rose by 0.8% year-on-year in March, Stats SA reported on Wednesday, beating market expectations of a contraction, after falling by 1.6% in February.

Business, Finance - By Staff Writer | 17 May, 2017
Rand comes under renewed pressure

Rand comes under renewed pressure

The rand gave away more than a percent against the dollar in morning trade on Wednesday, amid fresh concerns over the impact of Britain’s departure from the European Union.

Business - By Staff Writer | 6 July, 2016
Rand takes a blow as current account deficit widens

Rand takes a blow as current account deficit widens

The rand weakened sharply against the dollar following Reserve Bank data that showed the first-quarter current account deficit to gross domestic product ratio widened to 5.0%.

Business, Finance - By News24Wire | 14 June, 2016
Rand stronger as ratings firms give SA room to breathe

Rand stronger as ratings firms give SA room to breathe

The rand was trading at its strongest levels in four weeks following an announcement from Fitch ratings that the country would be safe from junk status until at least the end of the year.

General - By Staff Writer | 8 June, 2016
Why the rand isn’t doing as badly as you think it is

Why the rand isn’t doing as badly as you think it is

With a hold on South Africa’s slide to junk status for now, chief strategist at Citadel, Dr Adrian Saville looks beyond the rating drama and investigates how bad things really are for country’s biggest business risk: the rand.

Business, Finance - By Staff Writer | 6 June, 2016
Rand eyes R16 vs the dollar

Rand eyes R16 vs the dollar

The rand backtracked on Wednesday after firming to R15.50 to the greenback after Finance Minister Pravin Gordhan spoke for the first time about weekend reports of his imminent arrest.

Business - By News24Wire | 18 May, 2016
The rand could hit R60 to the dollar by 2019: Chris Hart

The rand could hit R60 to the dollar by 2019: Chris Hart

South Africa will most likely have reached junk status by the end of this year, according to Chris Hart, former Standard Bank economic commentator.

Business, Finance - By News24Wire | 13 May, 2016
Rand takes a hammering on ‘worst’ jobs data

Rand takes a hammering on ‘worst’ jobs data

The rand weakened almost 1.5% against the dollar in afternoon trade on Monday, following a report showing South Africa’s Q1 unemployment rate to be the highest on record.

Finance - By Staff Writer | 9 May, 2016
Rand strengthens as SA staves off downgrade – for now

Rand strengthens as SA staves off downgrade – for now

The rand opened stronger on Monday following the announcement that ratings agency Moody’s would keep the country’s credit rating two levels above junk – but we’re not out of the woods yet.

Business, Finance - By Staff Writer | 9 May, 2016
Rand trading at strongest levels in four months

Rand trading at strongest levels in four months

A recovery in commodity currencies and stability in the oil price boosted the rand to its highest level in four months on Tuesday.

Finance - By News24Wire | 19 April, 2016
Rand hits best levels vs the dollar in 2016

Rand hits best levels vs the dollar in 2016

The rand traded at its best level against the US dollar since December 2015, following better than anticipated retail sales.

Wealth - By Gareth Vorster | 13 April, 2016
Rand sinks as Zuma deemed safe from impeachment

Rand sinks as Zuma deemed safe from impeachment

The South African rand sank to R15.12 to the dollar on Tuesday night as a motion to impeach President Jacob Zuma was defeated by an ANC majority in Parliament.

Business, Finance - By Staff Writer | 5 April, 2016
Rand closes strong ahead of Zuma address

Rand closes strong ahead of Zuma address

The rand received another boon on Friday as it closed at its strongest levels in 2016.

Business - By Staff Writer | 1 April, 2016
Rand strengthens as Zuma red-carded over Nkandla

Rand strengthens as Zuma red-carded over Nkandla

The rand has firmed against the dollar as president Jacob Zuma received a lashing from the Consitutional Court of South Africa.

Business - By Staff Writer | 31 March, 2016
Rand breaks back through R15 to the dollar

Rand breaks back through R15 to the dollar

The rand has broken the R15/$ ceiling on Wednesday after US fed chair Janet Yellen surprised on Tuesday night with dovish comments, depreciating the dollar against most currencies.

Business, Finance - By News24Wire | 30 March, 2016
Join our newest FREE BusinessTech newsletter today!
×