South African rand holds firm after first rate cut in four years
WEB1 day ago · The South African rand held onto early gains on Thursday following the South African Reserve Bank's (SARB) decision to cut interest rates for the first time in over four years, after a super-sized ...
South African rand cools after strong gains in data-filled week
WEB12 hours ago · The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the U.S. Federal Reserve and the South African Reserve Bank ...
Rand Gains as South Africa Rate Cut, Weak Dollar Lifts Sentiment
WEB1 day ago · Colleen Goko. Thu, Sep 19, 2024, 11:35 AM 1 min read. (Bloomberg) -- The rand strengthened Thursday, as sentiment was boosted by the dollar’s pullback and South Africa’s first interest-rate ...
South African Rand (USDZAR) Rises as Central Bank Prepares for …
WEB1 day ago · The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020. The currencystrengthened ...
South African rand gains, interest rates in focus this week
WEB4 days ago · JOHANNESBURG, Sept 16 (Reuters) - The South African rand gained on Monday against a weaker dollar, as markets geared up for a week packed with interest rate announcements and a local inflation ...
South Africa’s Rand Hits 13-Month High on Economy Optimism
WEBAug 30, 2024 · (Bloomberg) -- The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve...
What needs to happen to get the rand back to R14 to the dollar
WEB2 days ago · Invetec’s extreme economic scenario says the rand could strengthen to R16.50 by Q4 2024 and reach R14.50 by the end of Q4 2025. For this to occur, South Africa’s economic growth would need to ...
Rand Report: Rand strengthens as rate cut cycle approaches
WEB2 days ago · Positive news from South Africa, such as strong demand for government bonds and a 1.7% rise in July’s manufacturing figures, had little impact on supporting the rand.
Rand hits best level in 2024 - then plunges after shock ... - News24
WEBApr 10, 2024 · The rand fell from its best levels this year after a new opinion poll showed support for the ruling African National Congress is plunging and a party backed by former President Jacob Zuma may become the country’s third-biggest.
Why the rand is bleeding - and could now hit R19/$ - News24
WEBMay 10, 2023 · The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns over South Africa’s continuing energy shortage and deteriorating economic outlook intensify among investors.
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