South African rand recovers from 'panicked' record low:
reuters.com/world/africa/south-african-rand-inches-up-record-low-after-thursday-slump-2023-05-26/
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| Last Updated | May 26 23 |
| Total Articles | 8 |
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The Rand is Paying the Price For South Africa’s Economic, Political Woes: The rand is paying the price for South Africa’s woes, with the 20 per dollar level now ...
bloomberg.com/news/articles/2023-05-26/rand-carries-can-for-south-africa-s-economic-political-foibles
South African rand recovers from 'panicked' record low: The South African rand made a strong recovery on Friday from a record low struck overnight after a ...
reuters.com/world/africa/south-african-rand-inches-up-record-low-after-thursday-slump-2023-05-26/
South Africa's rand slumps further
Rand falls by over 2.6%; stands at 19.7640 per dollar
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The Rand is Paying the Price For South Africa’s Economic, Political Woes: The rand is paying the price for South Africa’s woes, with the 20 per dollar level now ...
bloomberg.com/news/articles/2023-05-26/rand-carries-can-for-south-africa-s-economic-political-foibles
South African rand recovers from 'panicked' record low: The South African rand made a strong recovery on Friday from a record low struck overnight after a ...
reuters.com/world/africa/south-african-rand-inches-up-record-low-after-thursday-slump-2023-05-26/
MONETARY POLICY COMMITTEE: Rand hits record low despite SA Reserve Bank hiking interest rates by 50 basis points
dailymaverick.co.za/article/2023-05-25-rand-hits-record-low-despite-sa-reserve-bank-hiking-interest-rates-by-50-basis-points/
South African rand plummets as 50 bps rate hike fails to impress traders: The South African rand went into a surprise free fall on Thursday as the central bank ...
reuters.com/world/africa/us-debt-ceiling-concerns-hurt-south-african-rand-before-rate-decision-2023-05-25/
South Africa Election: Voters Judge ANC's Successes Abroad, Failures at Home
bloomberg.com/news/newsletters/2024-04-24/south-africa-election-voters-judge-anc-s-successes-abroad-failures-at-home
Reserve Bank seizes R60m assets from Berdine Odendaal, leaving her in the cold: About a month after the death by suicide of her lover, Markus Jooste ...
dailymaverick.co.za/article/2024-04-24-reserve-bank-seizes-r60m-assets-from-berdine-odendaal-leaving-her-in-the-cold/
South Africa faces upside risk to inflation, financial conditions, central bank governor says
reuters.com/world/africa/safrica-faces-upside-risk-inflation-financial-conditions-cenbank-governor-2024-04-20/
Quick Glance: Challenges for South Africa in Inflation and Financial Conditions, According to Central Bank Governor
- Lesetja Kganyago, the Governor of the South African Reserve Bank, warned of upside risks to the country's inflation outlook.
- Despite the chaotic impact of adverse El Nino weather in Africa, the latest data does not show indications of price hikes in food.
- The South African Reserve Bank noted that the inflation rate is expected to reach the target range of 4.5% only by the end of 2025.
- Kganyago highlighted potential risks from higher oil prices due to tensions in the Middle East and tight global financial conditions resulting from prolonged high interest rates at the U.S. Federal Reserve.
South African rand trades lower as metal prices retreat: South Africa's rand edged lower in early trade on Tuesday, with analysts pointing to a decline in metal ...
reuters.com/world/africa/south-african-rand-trades-lower-metal-prices-retreat-2024-04-23/
Game over for Jooste's polo-playing former girlfriend as Reserve Bank seizes cash and property
timeslive.co.za/sunday-times-daily/news/2024-04-23-game-over-for-joostes-polo-playing-former-girlfriend-as-reserve-bank-seizes-cash-and-property/
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Rand plunges after poll shows surge in support for Zuma’s MK party: The rand by late Wednesday afternoon had fallen to 18.79/dollar from 18.44/dollar earlier ...
dailymaverick.co.za/article/2024-04-10-rand-plunges-after-poll-shows-surge-in-support-for-zumas-mk-party/
Quick Glance: The Unstoppable Impunities of Jacob Zuma
- Former President Jacob Zuma secures a significant victory for his MK party, confirming his candidacy.
- The MK party leverages court cases for nationwide publicity, establishing a strong presence in voters' minds.
- Zuma, amidst surviving various scandals, aims for a political comeback with support from the ANC government.
- The ANC's actions have facilitated Zuma's resurgence, inadvertently creating a formidable opposition in the process.
South Africa's Capitec Bank reports 16% rise in FY profit: South African lender Capitec Bank reported a 16% rise in full-year profit on Tuesday ...
reuters.com/business/finance/south-africas-capitec-bank-reports-16-rise-fy-profit-2024-04-23/
South African Reserve Bank Is Insulated From Election Cycle, Kganyago Says: South African Reserve Bank Governor Lesetja Kganyago said uncertainty about the ...
bloomberg.com/news/articles/2024-04-18/kganyago-says-his-new-term-insulates-sarb-from-election-cycle
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Risk sensitive South African rand weakens as geopolitical tensions bite: South Africa's rand weakened in volatile trading early on Friday, as reports of an ...
reuters.com/markets/risk-sensitive-south-african-rand-weakens-geopolitical-tensions-bite-2024-04-19/
Better protection for bank clients with new deposit insurance scheme: Banking in South Africa became somewhat safer this week with the launch of the Corporation ...
dailymaverick.co.za/article/2024-04-25-better-protection-for-bank-clients-with-new-deposit-insurance-scheme/
Shimmer of hope — what’s behind another gold rush in South Africa: A decline in labour unrest and safer mines have made exposure to gold a less-risky ...
dailymaverick.co.za/article/2024-04-21-shimmer-of-hope-another-gold-rush-in-south-africa/
NOKWANDA MATHENJWA | Structural changes are needed to grow the economy: While some economists and researchers support the austerity stance implemented by the ...
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-04-23-structural-changes-are-needed-to-grow-the-economy/
South African Interest Rates Seen on Hold All Year Amid Inflation Worry: South Africa’s central bank won’t cut interest rates this year because of persistent ...
bloomberg.com/news/articles/2024-04-11/south-african-rates-seen-on-hold-all-year-amid-inflation-worry
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South African rand extends losses ahead of local data: South Africa's rand weakened in early trade on Thursday, extending losses from the previous day ahead of ...
reuters.com/world/africa/south-african-rand-extends-losses-ahead-local-data-2024-04-11/
Quick Glance: South African Rand Weakens After US CPI Release
- South Africa's rand slipped as the dollar surged following data indicating a rise in U.S. inflation, reducing expectations of a Federal Reserve interest rate cut in June.
- The dollar index rose after the inflation report, trading up approximately 1.08% against a basket of global currencies.
- No economic data releases are scheduled in South Africa until Thursday, when gold and mining production as well as manufacturing data for February will be released.
- With general elections just over six weeks away, market uncertainty has contributed to rand weakness, exacerbated by an opinion poll estimating voter support for the governing African National Congress at 37%.
Blast from the past: Ntini bags 10 as Proteas crush Kiwis: Today in SA sport history: April 19
timeslive.co.za/sport/2024-04-18-blast-from-the-past-ntini-bags-10-as-proteas-crush-kiwis/
Paid articlePaid South African rand firms after foreign reserves data: South Africa's rand firmed in early trade on Monday, after central bank data showed that foreign reserves ...
reuters.com/world/africa/south-african-rand-firms-after-foreign-reserves-data-2024-04-08/
South African rand weakens against strong dollar: South Africa's rand weakened in early trade on Friday against the U.S. dollar, which hovered near a five-month ...
reuters.com/markets/south-african-rand-weakens-against-strong-dollar-2024-04-12/
TOM EATON | Bitter poll to swallow: one can’t let facts get in the way of a good headline
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-04-11-tom-eaton-bitter-poll-to-swallow-one-cant-let-facts-get-in-the-way-of-a-good-headline/
Paid articlePaid
South Africa urged to finalise Integrated Resource Plan to boost investor confidence
mg.co.za/the-green-guardian/2024-04-11-south-africa-urged-to-finalise-integrated-resource-plan-to-boost-investor-confidence/
Warrant of arrest for 'crooked' RAF claims handler who wanted half-a-million rand bribe
timeslive.co.za/sunday-times-daily/news/2024-04-10-warrant-of-arrest-for-crooked-raf-claims-handler-who-wanted-half-a-million-rand-bribe/
Paid articlePaid Farmers face ruin as drought devastates summer crops: While consumers are safe for now, many farmers have lost millions of rand after a promising start to the ...
timeslive.co.za/sunday-times/news/2024-04-07-farmers-face-ruin-as-drought-devastates-summer-crops/
Paid articlePaid Floods of 2022 were nothing compared to this carnage, say devastated Margate residents
timeslive.co.za/sunday-times-daily/news/2024-04-17-floods-of-2022-were-nothing-compared-to-this-carnage-say-devastated-margate-residents/
Paid articlePaid ZAR/USD: Rand Rallies as Odds of Stable Coalition in South Africa Rise: The rand strengthened by the most this year on a closing basis after publication of an ...
bloomberg.com/news/articles/2024-04-26/rand-traders-cheer-as-anc-s-support-dips-further-in-latest-poll
Paid articlePaid Emerging Markets Extend Bounce to Second Day After US PMI Miss: Emerging-market stocks rose for a second session amid signs of easing tensions in the Middle East ...
bloomberg.com/news/articles/2024-04-23/emerging-market-stocks-sustain-recovery-as-mideast-concerns-ease
Paid articlePaid SA food inflation slows to 3-1/2 year low but respite likely short-lived: Food inflation is expected to accelerate again in the coming months in the wake of a ...
dailymaverick.co.za/article/2024-04-17-sa-food-inflation-slows-to-3-1-2-year-low-but-respite-likely-short-lived/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Loaded for Bear: Rand set for turbulent ride until elections — and their aftermath
dailymaverick.co.za/article/2024-04-22-loaded-for-bear-rand-set-for-turbulent-ride-until-elections-and-their-aftermath/
El Niño has ended but the full wrath of its economic and social impact is still to come
dailymaverick.co.za/article/2024-04-16-el-nino-has-ended-but-the-full-wrath-of-its-economic-and-social-impact-is-still-to-come/
EZA ETF: South Africa's Election Looms: EZA ETF faces a complex outlook, with various systemic and asset-specific variables playing a role ...
seekingalpha.com/article/4684409-eza-etf-south-africas-election-looms
Paid articlePaid Rand (ZAR USD) Slumps as South Africa’s Electoral Turmoil Spooks Investors: South Africa is heading into unchartered political terrain and investors are growing ...
bloomberg.com/news/articles/2024-04-11/rand-zar-usd-slumps-as-south-africa-s-electoral-turmoil-spooks-investors
South Africa Fossil Fuel Subsidies Top $6 Billion, Study Shows: South Africa’s fossil fuel subsidies rose to a 118 billion rand ($6.3 billion) in the 2023 fiscal ...
bloomberg.com/news/articles/2024-04-10/south-africa-fossil-fuel-subsidies-top-6-billion-study-shows
South African rand firms against dollar: South Africa's rand held onto its recent gains against the dollar early on Friday in the absence of major local economic ...
reuters.com/markets/south-african-rand-firms-against-dollar-2024-04-05/
SA Reserve Bank is exorcising the spectre of stagflation: The South African Reserve Bank is the one arm of the state that stands between the economy and this ...
dailymaverick.co.za/article/2024-04-04-sa-reserve-bank-is-exorcising-the-spectre-of-stagflation/
South African rand flat ahead of central bank's rate decision: South Africa's rand was little changed in early trade on Wednesday, ahead of the central bank's ...
reuters.com/world/africa/south-african-rand-flat-ahead-central-banks-rate-decision-2024-03-27/
South African rand edges higher ahead of rate decision: The South African rand edged higher at the start of a week that will include the central bank's decision ...
reuters.com/world/africa/south-african-rand-edges-higher-ahead-rate-decision-2024-03-25/
Quick Glance: South African Rand Shows Strength Ahead of Interest Rate Decision
- The value of the South African rand increased at the beginning of a week that will involve the central bank's decision on interest rates.
- Observers await the South African Reserve Bank's interest rate announcement on Wednesday following a rise in inflation to 5.6% in February, approaching the upper limit of the central bank's preferred range of 3% to 6%.
- Enhancing investor confidence through positive changes in local economic strategies could potentially lead to a recovery in the value of the local currency and the overall economic outlook.
- South Africa's benchmark 2030 government bond remained unchanged in early transactions, yielding 10.425%.
S.African insurer Old Mutual reports 28% rise in full-year profit: South African insurer Old Mutual Ltd reported a 28% rise in full-year earnings on Wednesday as ...
reuters.com/business/finance/safrican-insurer-old-mutual-reports-28-rise-full-year-profit-2024-03-27/
Hawkishness heard from Reserve Bank: The South African Reserve Bank kept the policy repurchase rate unchanged at 8.25% at the March Monetary Policy Committee ...
timeslive.co.za/sunday-times/business/opinion/2024-03-31-hawkishness-heard-from-reserve-bank/
Paid articlePaid South African rand little changed; PPI, budget and trade data due: The South African rand was little changed in early trade on Thursday, ahead of a flurry of ...
reuters.com/world/africa/south-african-rand-little-changed-ppi-budget-trade-data-due-2024-03-28/
TOM EATON | Back to reality: the grass is the same all over, it seems: It’s not just the weakness of the rand or the abundance of cheap labour in South Africa ...
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-03-18-tom-eaton-back-to-reality-the-grass-is-the-same-all-over-it-seems/
Paid articlePaid South Africa consumer inflation rises in February: South Africa's consumer inflation rose for the second month in a row in February to 5.6% year on year from 5 ...
reuters.com/markets/south-africa-consumer-inflation-rises-56-yy-february-2024-03-20/
Ramaphosa picks Mampho Modise as deputy Reserve Bank governor: The president reappointed Reserve Bank governor Lesetja Kganyago, as well as deputy governors ...
mg.co.za/business/2024-03-15-ramaphosa-picks-mampho-modise-as-deputy-reserve-bank-governor/
Interest rates on hold but petrol to go up: Consumers will suffer another blow as petrol prices are set to rise this week.
iol.co.za/capetimes/news/interest-rates-on-hold-but-petrol-to-go-up-b13330d0-6d59-4a2d-8670-8d2409bcb443
South Africa's Standard Bank posts 27% jump in annual profit: Africa's biggest lender by assets Standard Bank said on Thursday its annual profit jumped by 27% as ...
reuters.com/business/finance/south-africas-standard-bank-posts-27-jump-annual-profit-2024-03-14/
Rand set to end week on stronger note: SA's rand was trading at its strongest level in over a month early on Friday, after a week of gains supported by ...
timeslive.co.za/sunday-times/business/business/2024-03-08-rand-set-to-end-week-on-stronger-note/
South African rand steady ahead of US inflation data: South Africa's rand was little changed early on Tuesday, as traders remained cautious ahead of U.S ...
reuters.com/markets/south-african-rand-steady-ahead-us-inflation-data-2024-03-12/
South African rand little changed against the dollar: South Africa's rand was little changed early on Friday, after slumping the day before on a stronger dollar ...
reuters.com/markets/south-african-rand-little-changed-against-dollar-2024-03-15/
SARB’s new broom Mampho Modise unlikely to sweep out MPC hawks: Subhead: Too early for Mampho Modise to have big impact on monetary police, economists say
timeslive.co.za/sunday-times/business/business/2024-03-24-sarbs-new-broom-mampho-modise-unlikely-to-sweep-out-mpc-hawks/
Paid articlePaid South Africa Central Bank Chief Rules Out Rate Cuts in Short Run: South African Reserve Bank Governor Lesetja Kganyago said there would be no interest-rate cuts ...
bloomberg.com/news/articles/2024-02-29/south-africa-central-bank-chief-rules-out-rate-cuts-in-short-run
Paid articlePaid Public trust in the financial system is not what it needs to be — Kganyago: “It was remarkable, with the allegations last year about banks manipulating the ...
timeslive.co.za/sunday-times/business/business/2024-03-13-public-trust-in-the-financial-system-is-not-what-it-needs-to-be-kganyago/
South African rand set to end week on stronger note: South Africa's rand was trading at its strongest level in over a month early on Friday ...
reuters.com/world/africa/south-african-rand-set-end-week-stronger-note-2024-03-08/
South Africa May Harm Central Bank by Tapping Reserves, S&P Says: South Africa’s decision to tap profits on the country’s gold and foreign-exchange reserves to ...
bloomberg.com/news/articles/2024-02-28/south-africa-may-harm-central-bank-by-tapping-reserves-s-p-says
Pigish art: Painting pig Pigcasso is dead: She used her pig snout to paint colorful pictures that were exhibited and sold for a lot of money. Pigcasso ...
spiegel.de/kultur/malende-sau-pigcasso-ist-tot-schweinedame-starb-im-alter-von-8-jahren-a-8b982193-f5af-48ed-92f7-64d9d4400181
Fed's Bostic: No urgency to cut interest rates given US economy's strength: The U.S. Federal Reserve is under no urgent pressure to cut interest rates given a ...
reuters.com/markets/us/feds-bostic-no-urgency-cut-interest-rates-given-us-economys-strength-2024-03-04/
https://t.co/1fV5KEGWRK's Sasol reports 34% decline in half-year profit https://t.co/sHlpghOKH4 https://t.co/woJrFMOicJ
reut.rs/48utrQT
South African rand firms as markets await budget speech: The South African rand firmed in early trade on Monday as investors awaited the finance minister's ...
reuters.com/world/africa/south-african-rand-firms-markets-await-budget-speech-2024-02-19/
Quick Glance: Everton climbs out of relegation zone after draw
- Amadou Onana's goal secures Everton a draw against Crystal Palace.
- The draw lifts Everton out of the Premier League relegation zone.
- Jordan Ayew leads Palace in the second half post Roy Hodgson's resignation.
- Palace is five points clear of relegation, with Everton and Luton tied in points.
EFF election manifesto – Fact-checking four big claims on land, wealth, crime and sanitation in South Africa
dailymaverick.co.za/article/2024-03-07-eff-manifesto-fact-checking-four-big-claims/
Canal+ deal: MultiChoice extends Patel’s chairmanship: The Board of Directors of MultiChoice has reached an agreement with Imtiaz Patel to remain as chairman ...
punchng.com/canal-deal-multichoice-extends-patels-chairmanship/
‘This is not an election budget’: Enoch Godongwana defends fiscal moves: Finance minister Enoch Godongwana has dismissed suggestions his 2024 budget tabled in ...
timeslive.co.za/sunday-times/business/business/2024-02-22-this-is-not-an-election-budget-enoch-godongwana-defends-fiscal-moves/
#ManifestoCheck: Verifying 9 claims from the Democratic Alliance’s ‘Rescue Plan for South Africa’
africacheck.org/fact-checks/reports/manifestocheck-verifying-9-claims-democratic-alliances-rescue-plan-south-africa
Amplats plans to cut thousands of jobs after profit plunge: Anglo American Platinum said on Monday it plans to cut thousands of jobs at its mines in South Africa ...
reuters.com/markets/commodities/amplats-says-restructuring-impact-3700-workers-2024-02-19/
Quick Glance: Anglo American Cuts 3,700 Jobs Amid Price Drop
- Anglo American Platinum plans to cut 3,700 jobs in South Africa to enhance division performance.
- Amplats' profits decreased due to economic uncertainty and a 35% drop in platinum group metals prices.
- Approximately one-fifth of Amplats' total workforce faces job cuts, with an additional 620 contractors under review.
- Anglo American implemented further cost-cutting measures due to prolonged low prices, impacting Amplats' struggles.
South African consumer inflation accelerates in February, trajectory bodes ill for rate cuts
dailymaverick.co.za/article/2024-03-20-sa-consumer-inflation-accelerates-in-feb-bodes-ill-for-rate-cuts/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
Tapping into Sarb’s pot of gold and currency reserve funds gives public finances breathing space
dailymaverick.co.za/article/2024-02-21-budget-why-were-tapping-into-the-reserve-banks-pot-of-gold/
Mkhwebane’s court battle over multimillion rand gratuity will provide clarity, says public protector Gcaleka
timeslive.co.za/politics/2024-02-22-mkhwebanes-court-battle-over-multimillion-rand-gratuity-will-provide-clarity-says-public-protector-gcaleka/
Reserve Bank’s MPC likely to hold rates steady this week as inflation sparks fires
dailymaverick.co.za/article/2024-03-25-reserve-banks-mpc-likely-to-hold-rates-steady-this-week-as-inflation-sparks-fires/
What to Expect From ‘The Wheel of Time’ Season 3 Based on the Book: Robert Jordan's The Shadow Rising is set to be the next book adapted for The Wheel of ...
collider.com/wheel-of-time-season-3-book/
Quick Glance: 'The Wheel of Time' Season 3 Production Completed
- Filming for the third season of 'The Wheel of Time' has wrapped up successfully, and the cast is excited for the audience to witness the upcoming season.
- Drawing inspiration from the fourth book of the series, 'The Shadow Rising', the new season showcases the creator's dedication.
- Set in a realm of mystical forces exclusively wielded by women, the narrative follows Moraine and five young individuals on a perilous expedition.
- The third season is based on the fourth book in 'The Wheel of Time' book series by Robert Jordan, and the premiere date is pending. The first two seasons are available for streaming on Prime Video.
Parties slam Godongwana’s ‘bailout’ budget as an election ‘gimmick’: Political parties have criticised finance minister Enoch Godongwana’s budget ...
timeslive.co.za/politics/2024-02-21-parties-slam-godongwanas-bailout-budget-as-an-election-gimmick/
South Africa’s Ramaphosa Praises Pledges to Support Black-Owned Firms: South African President Cyril Ramaphosa said pledges to procure goods and services from ...
bloomberg.com/news/articles/2024-03-20/south-africa-s-ramaphosa-hails-backing-for-black-owned-firms
Sasfin Rejects $250 Million Claim from South Africa’s Tax Agency: Sasfin Holdings Ltd. rejected a 4.87 billion rand ($255 million) damages claim brought by the ...
bloomberg.com/news/articles/2024-02-27/sasfin-rejects-250-million-claim-from-south-africa-s-tax-agency
BUDGET 2024 | Rand leaps after news of Godongwana’s budget speech: Markets liked the fact that government will use the Gold and Foreign Exchange Contingency ...
timeslive.co.za/sunday-times-daily/politics/2024-02-21-budget-2024-rand-reacts-positively-to-godongwanas-budget-speech/
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