The rand has taken a big hit this week as the dollar advanced, however, local analysts say that one of the things that may also be weighing on the currency…
Browsing: Rand
South Africa is one of the countries with a growing banking sector. The country is the largest in the African continent. In 2021, the combined 1 capital of the sector…
In recent days, the rand has made significant gains against the US dollar, registering a 4% gain. As the US dollar is under pressure, the rand has strengthened significantly, reaching…
Global stocks experienced a decline on Monday as investors awaited upcoming interest rate decisions and expressed concerns over the absence of a stimulus plan to revive the Chinese economy. Equities…
The South African rand, which had gained significantly earlier in the day, suffered a minor setback after the US Federal Reserve signalled its intention to raise interest rates further this…
The rand fell significantly, setting a new record low overnight, with the exchange rate approaching R19.83 to the dollar. The outcome of the monetary policy committee meeting on Thursday was…
South Africa’s rand remains weak as it awaits global markers shift as it remains at R18.30/USD. According to Investec chief economist, Annabel Bishop, “the rand is seeking a directional driver…
The rand fell in early trade on Monday as the US dollar scaled to a two-decade high amid growing concerns over slowing global economic growth and rising interest rates. At…
The rand, which managed to avoid a major blowout following riots in two of South Africa’s key provinces in July, finally gave way and weakened below the psychological R15 to…
South Africa’s rand slumped to its weakest level against the dollar in more than two months as rioting that started with last week’s arrest of former President Jacob Zuma spread,…
