Rand weakens as Trump tweets about land debate-continued

August 23, 2018--The rand slumped against the dollar after a tweet by US President Donald Trump on the country's land debate fueled speculation of possible sanctions against the country.
view more

Source: FIN24

AFRICA ETP News
Rand on front foot as currency firms to under R14.50/$
October 12, 2018--The rand strengthened almost 1.5% against the dollar in early trade as the US currency continued its slide on poor inflation data.
read more
Relief for global stocks sees JSE close firmer
October 12, 2018--Tencent Holdings which has broken stock market records on the course of its sell-off over the past couple of weeks, ricocheted to close 8.01% higher.
read more
Rand rides Mboweni wave-but strong dollar remains a threat
October 10, 2018--The local currency gained 1.8% against the greenback on Tuesday, an indication of positive market reaction to the announcement that the former SA Reserve Bank governor had been named finance minister.
read more
Naspers leads losses on the blue-chip index
October 10, 2018--The bearish sentiment in Tencent has not spared Naspers on the JSE which is also under a sharp sell-off. In today's session Naspers slumped 6.47% to close at R2656.98 per share.
read more
Rand weakens to R15/$ as Nene's fate hangs in the balance
October 9, 2018--The rand touched R15/$ on Tuesday afternoon, amid continuing uncertainty over the fate of SA's Finance Minister Nhlanhla Nene and a marginally stronger dollar.
read more
JSE closes flat as Tito Mboweni is named new finance minister
October 9, 2018--President Cyril Ramaphosa announced that Tito Mboweni would replace Nhlanhla Nene as finance minister towards the close of the local bourse.
read more
Rand could weaken to under R15/$ if Nene resigns, say analysts
October 8, 2018--News24 reported earlier on Monday that Nene asked President Cyril Ramaphosa to relieve him of his duties in the wake of his testimony at the Zondo Commission of Inquiry that he met multiple times with the Gupta family.
read more
JSE closes week in the red after heavy week of data releases
October 5, 2018--Equity markets ended weaker this week as the JSE continues to fail to find a bid.
read more
Rand weakens in early trade as strong dollar keeps pressure on
October 4, 2018--Positive economic data out of the US and a strong dollar have put the rand on the bank foot.
read more
JSE closes weaker after a flat start
October 3, 2018--The bears continued to win the battle on the local equities markets, with the rand trading flat against the US dollar.
read more
Africa's Pulse in Five Charts: Boosting Productivity in Sub-Saharan Africa October 2018
October 3, 2018--This issue of Africa's Pulse suggests that the economic recovery of Sub-Saharan Africa continues but at a slower pace than expected. To accelerate and sustain an inclusive growth momentum, policy makers must continue to focus on investments that foster human capital, reduce resource misallocation and boost productivity.
read more
Rand slips as US reaches trade agreement with Canada, Mexico
October 2, 2018--The US dollar is trading stronger as the US and Canada have reached a trade agreement, signaling a possible slide in the rand.
read more
Weaker Asian markets drag JSE into the red
October 2, 2018--The JSE fails to hold onto the gains it posted on Monday as industry heavy weights drag the local bourse into negative territory.
read more
October is high-risk month for rand's recovery
October 1, 2018--Emerging markets are rebounding from the second-quarter horror show, but for South Africa's rand October still holds large risks.
read more
Rand undervalued, could hit R11/$, says Goldman Sachs exec
September 28, 2018--South Africa's rand is undervalued and there's scope for the currency to strengthen to as much as 11 per dollar, says Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group.
read more
Rand advances in late trade leaving JSE in the red
September 26, 2018--South African markets were generally flat as investors look to the US Federal Reserve for direction.
read more
Rand keeps gaining despite US Fed rate hike
September 27, 2018--The rand touched R14/$ on Wednesday evening, trading 0.61% stronger at R14.03/$ by 6.00pm SA time.
read more
Choppies gets chopped as JSE sees red
September 25, 2018--Equity markets opened the week deep in the red on Tuesday after the Heritage Day public holiday on Monday.
read more
Rand steady ahead of Fed rates announcement on Wednesday
September 25, 2018--Analysts expect the US central bank to hike rates by 25 basis points from 2.00% to 2.25% on Wednesday afternoon.
read more
First African fixed income ETF listed in Mauritius, tracking bond index
September 21, 2018--African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF), a pioneer exchange-traded fund (ETF) accessible to investors through listing on 18 September on the Stock Exchange of Mauritius.
read more
JSE rallies as Ramaphosa announces economic stimulus plan
September 21, 2018--The JSE rallied to close firmer following the announcement of the economic stimulus plan by President Cyril Ramaphosa.
read more
After firming, rand weakens in wake of stimulus announcement
September 21, 2018--The rand initially firmed 0.65% to R14.19/$ following the release of President Cyril Ramaphosa's R50bn economic stimulus package, but subsequently weakened to trade at R14.36/$.
read more
Ramaphosa's stimulus plan: What you need to know
September 21 2018--An upbeat President Cyril Ramaphosa announced the government's much-vaunted economic stimulus plan at the Union Buildings in Pretoria on Friday.
Here is what you need to know.
There is no big number to the plan and it is difficult to determine exactly how much money the state will pump into the economy in an effort to jump-start growth.
read more