• To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

  • Govt is out of touch

    Journalists seems to know more than those paid to govern us, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Rand weaker on continued mining unrest

Sep 14 2012 15:24
I-Net Bridge
Johannesburg – The rand was weaker in midday trade on Friday as traders reacted to Lonmin miners not accepting the proposed wage offer.

“The rand recovered after Bernanke’s speech‚ which saw the Fed offering $40bn a month in QE3‚” said Mark Kalkwarf‚ a senior portfolio manager from Iquad Group.

At 11:27‚ the rand was bid at R8.2652 to the dollar from R8.2365 at Thursday’s close. It was bid at R10.7627 to the euro from its previous close of R10.7043 and at R13.3851 against sterling from R13.3008 before. The euro was bid at $1.3029 from $1.2994 at Thursday’s close.

“The rand improved to R8.20 against the dollar; but the miners not accepting the wage offer at Lonmin has had a big impact on the currency‚” he added.
 
rand  |  market  |  jse

 
 
 

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:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...