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 rand of South Africa

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updated Wed. April 4, 2018

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Economic growth and investment in South Africa is set to rebound following several years of economic and political decline, say economists in a new PwC report. ... "A firmer rand improves the outlook for South African consumers through lowering the cost of imports and associated inflation. Indeed, the ...
The Pinehaven intersection‚ which connects the busy Hendrik Potgieter road and the R28/N14 highway on Gauteng's West Rand‚ should have been eradicated and replaced seven years ago with a safer modern interchange that requires no vehicle to come to a complete stop. It's a busy intersection that ...

There are signs the outlook for the Pound against the South African Rand are turning more constructive, are there more gains to come for the exchange rate? The GBP/ZAR pair has bounced strongly and the young recovery seems to be raising questionmarks over the established downtrend. The rebound ...
JOHANNESBURG, March 12 (Reuters) - South Africa's rand steadied on Monday, holding on to gains notched up in the previous session as a benign U.S. jobs report eased worries about inflation and faster rate hikes. At 1526 GMT, the rand traded at 11.8175 per dollar, not far off its New York close of ...
South Africa's rand flat as Trump trade war continues to weigh ... South African Rand coins are seen in this photo illustration taken September 9, 2015. ... JOHANNESBURG (Reuters) - South Africa's rand edged firmer on Friday, pausing a week-long slide on fears about the impact of a potential global trade ...
A stronger rand may boost the national psyche, but it's really not clear if South Africa really wants its currency to keep getting stronger. ... In the long term, offshore profits are also worth less in rands. ... In recent years the rand weakened, South African consumer confidence dipped to apartheid-era lows.
The iShares MSCI South Africa ETF (NYSEArca: EZA Opens a New Window. ) jumped 3.4% Friday. South African equities, led by the banking sector, and the rand currency firmed Friday amid talks that the new president will announce a his new cabinet after a party meeting over the weekend, Reuters ...
Johannesburg, Feb 23 (Reuters) - South Africa's rand firmed on Friday amid talk that new President Cyril Ramaphosa is likely to announce a new cabinet after a party meeting ... Stocks rose led by the banking sector , which is considered the barometer of South African political and economic sentiment.
The Pound to South African rand exchange rate (GBP/ZAR) has been tight on 22nd February, following the news that UK GDP growth has slowed by ... For the duration of Zuma's term as President, which stretched from 2009 to 2018, South Africa saw its credit rating cut due to poor economic decisions.
Johannesburg, Feb 21 (Reuters) - South Africa's rand was a touch weaker in early deals on Wednesday as traders refrained from making any large moves ahead of the budget speech later in the day. * At 0655 GMT, the rand traded at 11.75 versus the dollar, 0.17 percent weaker from its overnight close ...
Eskom, the state power company, and national carrier South African Airways may need to be partially privatized. "The biggest negative is that [Ramaphosa] has little time before the next elections [in 2019], and that the challenges are immense," said Zin Bekkali, founder and CEO of Silk Invest.
News that South Africa's president Jacob Zuma had finally resigned, in response to pressure from within the African National Congress (ANC), prompted the Euro to South African rand (EUR/ZAR) exchange rate to slump sharply. markets were encouraged by the departure of the controversial Zuma, with ...
South Africans will be hoping the leadership change inspires better business confidence and helps South Africa miss a ratings downgrade (likely narrowly) from ratings agency Moody's investors Service. Moody's currently has South Africa's sovereign credit rating (rand denominated) at one notch above ...

... focus on efficiency at its loss-making South African asset, South Deep, after production fell below guidance in 2017, the bullion miner said on Wednesday. South Deep, which has faced operational challenges in an unforgiving geology 3 km (2 miles) beneath the surface, made a loss of 337.6 million rand ...
the rand extended its gains to the dollar on reports that South Africa's African National Congress party executive committee decided to "recall," or remove, President Jacob Zuma as head of state. Deputy President Cyril Ramaphosa, who won a leadership vote in December and is widely expected to ...
Before looking at the political issues affecting the rand we look at the charts, as a study of price action can often reveal important clues as to the future direction of the exchange rate. The Pound-to-South African rand has been trading in a sideways range between 16.42 and 17.15 since selling-off down to ...
When iStore announced its South African pricing for the iPhone 8 and 8 Plus on 13 October 2017, the rand was at R13.26 to the US dollar. In the months leading up to the local price announcement, the rand fluctuated between R12.80 and R13.80. the rand's performance during 2017 was an issue for many ...
Johannesburg, Feb 12 (Reuters) - South Africa's rand briefly traded one percent firmer on Monday after local media reported that President Jacob Zuma had agreed to step down, before surrendering those gains after the presidential spokesman dismissed the reports as "fake news". At 1500 GMT the ...
The South African rand has strengthened in recent days in light of ongoing indications that scandal-hit President Jacob Zuma could be about to step down. While this would suggest that investors should consider one of Africa's largest economies sooner rather than later, financial experts CNBC spoke to ...
South Africa's rand made gains over many of its international rivals Tuesday, with the USD/ZAR rate quoted 0.64% lower at 12.03 around the London close, while the Pound-to-Rand rate was marked 0.70% lower at 16.77. However, after gaining some 14% during the last three months, the South African ...
By contrast, the South African rand firmed slightly, trading mid-afternoon up 0.4 percent higher against the U.S. dollar. South Africa's National Assembly Speaker Baleka Mbete announced the cancelation of Thursday's address at a press conference in Cape Town, according to local press reports. No firm ...
Johannesburg, Feb 6 (Reuters) - South Africa's rand firmed against the dollar on Tuesday as the market positioned for the possible removal from office of President Jacob Zuma, while share prices hit a four-month low as the global stocks rout intensified. At 1523 GMT, the rand traded at 12.0300 per ...
As the financial markets conclude the first month of trading for 2018, the South African rand has not only managed to hang on to its gains from the aftermath of the December 2017 ANC Conference, but generated further strength. This time, the encouraging momentum for the rand has not been inspired by ...
The metal started the year with a bang, rising more than 4% to the highest since August 2016. But an equally impressive rally in the rand means that South Africa-focused producers are likely to miss out on the party. Because mining companies pay most of their expenses in local currency, a stronger rand ...
Plenty of eyes are on South Africa's rand, ripping to a 3 1/2year high. n China, Ore lost 1.5% but finished off week's lows - this has some selling in Industrial metals, with Copper off 20bp. Despite the Dollar, Gold is getting hit for 90bp early, while headers Coincheck in Japan stopped transactions has the ...
the rand has surged since Ramaphosa won the race to succeed Jacob Zuma as ANC leader last month, putting him in pole position to become South Africa's next president. Ramaphosa, who has promised to fight corruption and boost economic growth, was talking up South Africa as an investment ...
South Africa's jittery currency seems to be calming down. On Wednesday, Jan. 24 the rand pushed past the psychological 12-rand to the dollar barrier. It was the first time since 2015 that the rand broke the barrier, reaching 11.95 to $1 as the Johannesburg stock exchange closed. South Africa's currency ...
Almost two million tourists flock to Cape Town every year, travel and tourism accounting for an estimated 9 percent or 412 billion rand ($33bn) of South Africa's economic output last year, according to the World Travel and Tourism Council. At a trial water collection site, similar to an estimated 200 the city ...
At 6.75% South Africa has a particularly high interest rate relative to other major economies and this provides the rand with a key source of support, provided South African debt remains of investment grade status of course. Lowering the interest rate is therefore a likely source of Rand weakness, while ...
Johannesburg, Jan 18 (Reuters) - South Africa's rand scaled a 2-1/2 year high against a broadly fragile dollar on Thursday, climbing more than 1 percent after the central bank held interest rates steady and the new head of the ruling ANC ramped up his tough talk on graft. At 1520 GMT, the rand was 1.1 ...
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) is currently in session for the first time in 2018, with the first interest rate ... as ANC head has brought about a new level of optimism that has manifested itself in positive markets and specifically, the rand/dollar exchange rate.
A South African court froze 1.6 billion rand ($130 million) in assets earned by global consultancy McKinsey and a firm linked to friends of President Jacob Zuma, a source at the state prosecutors' office told Reuters. Bonds were firmer, with the yield on the benchmark debt due in 2026 down 3.5 basis points ...
Johannesburg, Jan 15 (Reuters) - South Africa's rand was steady in early trade on Monday, buoyed by uncertainty after Cyril Ramaphosa, the new leader of South Africa's ruling African National Congress, said queries about President Jacob Zuma's fate would be addressed "as time goes on". * At 0645 ...
Johannesburg, Jan 11 (Reuters) - South Africa's rand was flat on Thursday, taking a breather after a week of volatile trade driven by swirling speculation that President Jacob Zuma would step down before his term ends in 2019. Stocks were led lower by banking stocks which came off a previous rally on ...
Youths seeking free education injured in registration stampede at South African college ... Johannesburg, Jan 11 (Reuters) - Six students were injured in a stampede to register for free tuition at a college in South Africa on Thursday, the first sign of trouble since President Jacob Zuma announced a ...
Johannesburg, Jan 11 (Reuters) - South Africa's rand traded slightly firmer on Thursday, gaining back lost ground as higher gold prices and the likelihood of local interest rates remaining high lured offshore investors. * At 0630 GMT the rand 0.2 percent firmer at 12.4200 per dollar compared to a close of ...
Johannesburg, Jan. 10 (Xinhua) -- The Johannesburg stock exchange (JSE) closer weaker on Wednesday, pulled down in part by banks, as the rand extended its losses to the dollar. South Africa's rand traded weaker on Wednesday as the previous session's brief gains gave way to a bearish ...
South Africa's rand has clung to December's gains thus far in 2018 but analyst opinion remains divided over whether it will take another leg up in 2018, or about-turn and head south for the duration. The currency avoided a potentially cataclysmic turn of events last year when, first, Moody's held of on a ...
Johannesburg, Jan 8 (Reuters) - South Africa's rand weakened on Monday, succumbing to a resurgent dollar and some profit-taking after seven weeks of gains sparked by leadership changes in the ruling party and a rally in global commodity prices. * At 0645 GMT the rand was 0.4 percent weaker at ...
Johannesburg, Dec 29 (Reuters) - South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity ... South African main stock indices ended 2017 between 17.5 and 19.65 percent higher, mirroring global rallies fueled by increased optimism about the global ...
The South African rand was slightly weaker against the US dollar on Friday morning (2 February), trading around R12 to the dollar following the US Federal Reserve's decision to keep interest rates on hold. This follows continued strengthening last week on continued positive sentiment about Cyril ...
The dollar has fallen 7 percent against the South African rand since Ramaphosa won the ANC leadership contest on December 18. But, "the positive market reaction to Ramaphosa's win - which still leaves the rand way below where it was a few years ago - has gone as far as it is likely to," James Lockhart ...
The South African rand dodged a series of bullets in 2017 and, just days ahead of the New Year, is boasting solid gains over almost all developed world ... the next budget, whether or not it will follow in the footsteps of Standard & Poor's by stripping South Africa of its local currency investment grade rating.
Johannesburg, Dec 27 (Reuters) - South Africa's rand rallied to its strongest in nine months on Wednesday, still riding the wave of positive sentiment after Cyril Ramaphosa's election as the leader of the ruling African National Congress and a global rise in resources prices. At 1500 GMT the rand was ...
"The South African economy has been weak. Its Q3 GDP slowed to 0.8% y/y from 1.3% y/y in Q2. The South Africa Reserve Bank (SARB) cut the growth outlook to 1.2% in 2018 and 1.5% the following year. Weak growth would enhance the downside risk of government revenue, and make it more difficult to ...
Johannesburg, Dec 28 (Reuters) - South Africa's rand on Thursday extended gains that have seen it soar to its firmest in two-and-a-half years, with investors believing a leadership change in the ruling party would spur an economic rebound. * At 0640 GMT the rand traded at 12.2650, inching 0.04 ...


 

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