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…
The rand weakened to within a hair’s breadth of the symbolic R14/$‚ putting it on track for its worst quarterly performance since 2011. The rand has been a casualty in the trade spat between the US and China‚ which has brought uncertainty…
The rand was almost 2% weaker against the dollar on Tuesday morning‚ as the trade spat between the US and China escalated‚ casting a shadow over the global economic outlook. The latest slide took the rand dangerously close to R14/$ —…
The rand was marginally firmer against major global currencies on Wednesday afternoon‚ gaining most against the pound‚ after positive retail sales and inflation figures provided a boost to sentiment. Earlier‚ consumer inflation moderated…
The rand oscillated around the symbolic R12/$ level on Friday morning‚ near the end of a fairly twitchy week for the broader financial markets. Catalysts were few and far between‚ though US President Donald Trump’s Twitter tirade kept…
The rand slipped past the psychological R12 to the dollar mark on Friday morning‚ its weakest point in more than two weeks‚ as the dollar held firm against a basket of currencies ahead of the US non-farm payrolls report in the afternoon.…
The rand was steady on Friday morning‚ displaying no sign of panic despite the deterioration in global sentiment. The concern about a trade war between the US and China sent markets into a tailspin‚ a scenario that would ordinarily play…
The rand was steady on Friday morning‚ displaying no sign of panic despite the deterioration in global sentiment. The concern about a trade war between the US and China sent markets into a tailspin‚ a scenario that would ordinarily play…
The rand was weaker from steady overnight levels on Thursday morning on a largely unchanged dollar following the US Federal Reserve’s decision to keep interest rates on hold. “Markets are likely to be cautious ahead of the US jobs data on…
The rand held broadly steady on Friday morning‚ as the dollar weakened further. The greenback lost ground against a basket of currencies‚ providing the rand with the chance to potentially test fresh multiyear highs. US President Donald…
The rand was poised to break through R12 to the dollar at midday on Monday as optimism about local political developments continued to buoy the local currency. It was reported at the weekend that the ANC at its national executive…
The rand was marginally stronger against major global currencies shortly before midday on Thursday‚ with focus squarely on the Reserve Bank policy announcement later in the afternoon. Consensus is for the committee to leave interest rates…
By Reitumetse Pitso The rand was weaker against the dollar on Monday just before midday‚ after trading sideways earlier in the day. The local market was awaiting the decision by the speaker of Parliament‚ Baleka Mbete‚ on whether a vote…
The rand was weaker against major currencies shortly before midday on Thursday‚ following the ANC’s proposal on Wednesday to nationalise the Reserve Rank. The local currency shed about 2% on Wednesday‚ shortly after the proposal‚ which…
The rand was weaker against major global currencies on Monday afternoon‚ after risk spiked following a call by Public Protector Busisiwe Mkhwebane for a change in the South African Reserve Bank’s mandate. The requirements for a…
