• Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

  • Long live your gadget

    Real gadget protection tends to cost real money, writes Arthur Goldstuck.

  • Taking SA for a ride

    The ANC seems to think all South Africans are idiots, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

Mangaung keeps rand off day’s lows

Dec 18 2012 17:09 I-Net Bridge
Mangaung conference

(Picture: Sapa)

Related Articles

Rand rallies on Zuma re-election

Bonds tad stronger on rand

Rand jumps to 10-week high

Rand slightly up, bonds mixed

Rand flat in thin trade

Rand firms after Fed stimulus pledge

 
Johannesburg – The rand regained some of its earlier losses on Tuesday afternoon as the ANC confirmed its leadership in Mangaung.

“The confirmation of the ANC leadership caused the rand to strengthen from its previous weak level earlier today. This creates stability in the market‚” said Vunani Private Clients global market analyst Kuziva Muganiwa.

At 3.41‚ the rand was bid at R8.5456/$ from its previous close of R8.5218/$. The local currency was bid at R11.2635/€ from its previous close of R11.2135/€ and at R13.8479/£ from R13.8032/£ before.

The euro was bid at $1.3181 from Monday’s close of $1.3160.

“Because of position squaring‚ in preparation for the upcoming holidays‚ the liquidity levels will reduce and thus we are expecting to see some jumps in the rand for no reason as you have fewer players who could swing the market in any direction‚” Muganiwa said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

rand  |  markets  |  currencies
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...