• Rating agencies and SA

    Warts and all, rating agencies kept SA on the straight and narrow, says Daniel Silke.

  • Crisis management fail

    Ford SA lost the plot right after the tragic death of a Kuga owner in 2015, says Solly Moeng.

  • Stop the roads carnage

    SA needs visible law enforcement to reduce our ghastly road death toll, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Rand shrugs off weak GDP figure

Nov 27 2012 13:04
I-Net Bridge
Johannesburg – The rand was a little stronger at noon on Monday after shrugging off the weak local GDP figure as a soft number was expected.

“The rand strengthened ever so slightly but is trading in narrow ranges. The weak GDP figures did not affect the market as a weak figure was expected. It looks as though the December holiday has hit the currency market already‚ with lacklustre trade prevailing in a narrow range‚” a currency trader said.

SA's real gross domestic product rose by 1.2% on a quarter on quarter and seasonally adjusted annualised basis in the third quarter of this year from a revised 3.4% (3.2%) in the second quarter‚ Statistics SA data showed on Tuesday.

At 12:03‚ the rand was bid at R8.8374/$ from Monday’s close of R8.8460. The local currency was bid at R11.4501/€ from its previous close of R11.4887 and at R14.1565 against sterling from R14.1781 before.
rand  |  dollar  |  euro  |  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
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

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

Voting Booth

How did you buy your property?

Previous results · Suggest a vote

Loading...