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Rand skids on dollar strength, bond exit rumours

Apr 26 2017 17:05

The rand has lost almost 2% against the firmer US dollar and on rumours that South Africa is leaving the JP Morgan Bond Index.


Dollar climbs with bonds as Trump tax plan in play

Apr 26 2017 13:42

The dollar has climbed with US government bonds before President Donald Trump unveils his tax cut plan that could breathe new life into flagging reflation trades.


Zim rejects call to make rand official currency

Apr 24 2017 12:52

Despite intense lobbying by industrialists, economists and the business community, officials in Zimbabwe have rejected the call to adopt the rand as its official currency.


Euro surges as France's Macron set for presidential win

Apr 24 2017 07:53

The euro has surged after moderate Emmanuel Macron won the first round in France's presidential election and looked set to triumph against far-right candidate Marine Le Pen.


Rand breaches R12.90/$ as markets cheer French vote

Apr 24 2017 10:56

The rand has breached the psychological R12.90/$-level, adding to early morning gains as markets cheered the outcome of the first round of the French election.


Pound falls after retail sales drop

Apr 21 2017 11:25

The pound has fallen against the dollar, after data showed retail sales recorded their largest decline in seven years in the first quarter.

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So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.