The date April 19 2022 marks 100 years since the SA Reserve Bank issued its first banknotes. The banknotes were issued 10 months after the Bank was established on June 30 1921‚ the entity said. Prior to that‚ SA had no monetary authority…
Despite the global Covid-19 pandemic and the #BlackLivesMatter anger and protests‚ the US dollar seems to remain relatively stable. This cannot be said for the South African rand‚ however‚ which has lost around 35% of its value since the…
The JSE fell on Thursday‚ bringing its cumulative losses for the week so far to 2.5% as risk-off trade on global markets continues. Indications the US Federal Reserve will continue with interest rate increases‚ or even increase their pace…
The JSE is likely to get trampled in a global stock market rout for a second day on Thursday. A worldwide share price plunge was sparked on Wednesday by what could be the start of a US tech stock bubble burst. Netflix fell 8.4% to…
The rand was a touch weaker on Wednesday morning‚ suggesting that markets have fully absorbed the appointment of the new finance minister. Markets heaved a sigh of relief on Tuesday when President Cyril Ramaphosa named Tito Mboweni as the…
The JSE opened weaker on Tuesday in cautious trade as the US appeared set on implementing higher tariffs against China‚ while US president Donald Trump has questioned further interest-rate hikes by the US Federal Reserve. The market…
The rand was little changed to the dollar from its previous close on Monday afternoon‚ and well off its worst intraday levels‚ after the euro staged a comeback against the dollar. However‚ analysts said the rand remained at the mercy of…
The rand’s continuing plunge on Monday has been mostly due to emerging-market contagion based on events in Turkey‚ but other factors are conspiring to ensure the local currency is set for a turbulent few months. Global monetary policy…
THE rand plunged more than 8% alongside the Turkish lira on Monday morning‚ reaching R15.41 to the dollar around 2.30am. The R15/$ level was last reached in June 2016. The rand managed to claw its way back under R15 by 6.20am‚ trading at…
Disappointing local manufacturing data failed to dent the rand’s recovery on Tuesday‚ with global risk assets rebounding after a strong performance by Chinese equity markets earlier. A lack of major economic data releases‚ and a…
The rand limped along in midmorning trade on Thursday‚ battling to recover from a setback attributed to the ANC’s surprise decision to seek to change the Constitution to expropriate land without compensation. Earlier in the week‚ the rand…
The JSE opened weaker on Thursday in renewed risk-off trade amid new signs of an escalating global trade war with China as the US Federal Reserve kept interest rates unchanged‚ as expected. Naspers was one of the early losers‚ dropping…
The rand was firmer against major global currencies on Tuesday afternoon‚ bolstered by a trade surplus that was much better than expected‚ and by the global carry trade. The rand reached an intra-day best of R13.0797 to the dollar‚ on…
The rand was stable against major global currencies on Monday afternoon‚ despite a mild sell-off in equities on major international markets. Earlier local data was supportive of the currency‚ but key risk events loom this week‚ notably…
The rand was weaker against major global currencies on Monday afternoon‚ with both global events and local news providing few reasons to cheer. Disappointing Chinese economic data earlier‚ the expectation of the US’s imposition of…
