• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Rand weakens on low demand

Jan 10 2013 17:35 I-Net Bridge

(Supplied)

Related Articles

Rand weaker on thin trade conditions

Rand softer on weaker euro

Rand steady but labour worries remain

Rand weakens on thin trade‚ eyes MPC

Rand weakens on continued unrest

Rand weaker, bonds find support

 
Johannesburg - The rand weakened on Thursday afternoon as international demand for local bonds and equities subsided.

“The rand has been supported by the recent demand for local bonds and equities. Today‚ however‚ we have seen a pause in that demand as traders have been taken profits‚” said Ockert van Niekerk‚ head of trading at PSG.

At 3:26‚ the rand was bid at R8.6425/$ from its previous close of R8.5999/$ on Wednesday. The local currency was bid at R11.3374/€ from its previous close of R11.2201/€ and at R13.8649 against sterling from R13.7621 before.

The euro was bid at $1.3117 from its overnight close of $1.3053.

“The unrest in the farming sector has also weighed heavily on the local currency‚” Van Niekerk said.

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

rands  |  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

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...