-
Nigeria’s economy slips to fourth place behind South Africa, Egypt, Algeria
19 Apr 2024 17:29 GMT
… with high inflation and a currency plunge.
President Tinubu announced … Argentina, has also allowed its currency to float, triggering an … been calling for a flexible currency regime for many months, … and Egypt’s pound, South Africa’s rand value has long been …
-
Currency functionality: ZiG as a medium of exchange in fuel
19 Apr 2024 11:42 GMT
… local currency in favour of foreign currency, particularly … government has historically avoided currency enforcement on fuel dealers … the local currency through reserves. Comparatively, South Africa imports fuel … the Rand, and easily get foreign currency from …
-
South African rand edges higher as dollar retreats
18 Apr 2024 10:30 GMT
South Africa's rand edged higher early on Thursday, as the dollar took a breather from its rise in recent weeks.
At 0741 GMT, the rand traded at 18.9925 against the dollar , about 0.1% stronger than its previous close.
The dollar index was last trading …
-
EZA ETF: South Africa's Election Looms
18 Apr 2024 12:29 GMT
… iShares MSCI South Africa ETF tracks the MSCI South Africa 25… illiquidity, and imperfect currency hedging. We anticipate … Inflation – South Africa's March Inflation Report South Africa… attempt to keep the South African Rand from faltering. SA …
-
South Africa contingency reserves won't be spent on Eskom, Transnet – Godongwana
18 Apr 2024 12:21 GMT
South Africa will use future drawdowns of … foreign currency reserve transactions, allowing for a drawdown of 150 billion rand … of Sub-Saharan Africa, including South Africa itself, would have no impact …
-
South African rand little changed ahead of inflation, retail sales data
17 Apr 2024 07:33 GMT
JOHANNESBURG (Reuters) - South Africa's rand was little changed … At 0642 GMT, the rand traded at 19.0500 against … in February.
"The rand is expected to continue … Andre Cilliers, currency strategist at TreasuryONE, said.
South Africa's benchmark …
-
The Rand Report: South African rand gains momentum
16 Apr 2024 14:12 GMT
… manufacturing data contributed to the South African rand’s (ZAR) upward momentum. … international developments, bolstered the local currency.
Rand Graph: Supplied
On Wednesday, … out the Sable International Currency Zone to get the … into or out of South Africa
-
FMAS:24 Session Spotlight - Gold, South African Rand & The 2024 Financial Markets Outlook
16 Apr 2024 13:33 GMT
… Trader Zone, ‘Gold, South African Rand & The 2024 Financial … the session, Gold, South African Rand & The 2024 Financial … Trader Zone, ‘Gold, South African Rand & The 2024 Financial … the session, Gold, South African Rand & The 2024 Financial …
-
South African rand extends losses as risk sentiment sours
16 Apr 2024 10:26 GMT
South Africa's rand extended its losses early on … soon.
At 0754 GMT, the rand traded at 19.0975 against … negative," said Andre Cilliers, currency strategist at TreasuryONE.
On the … 65% lower in early trade.
South Africa's benchmark 2030 government …
-
South Africa Inflation Eases, Unlikely to Trigger Rates Cut
17 Apr 2024 09:16 GMT
… rising oil prices and renewed rand weakness.
Consumer prices rose … in February, Pretoria-based Statistics South Africa said Wednesday in a statement … 5.4%.Article content
The rand, which has declined 3. … release of the data. The currency’s slump — along with …