Bonds weaker in late trade after rand hits fresh low
SOUTH African bonds were weaker in late trade on Thursday after the rand hit another record low against the dollar. The local currency fell to R16.2030/$ in late morning trade. At 4.05pm it was at R16.1124 against the dollar from R15.8614 at Wednesday …
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EDITORIAL: Rand exposed by SA's weaknesses
As global markets tumbled this week on new fears about China's growth outlook and the yuan, the rand dropped the most among 31 emerging market and major currencies tracked by Bloomberg, briefly touching a record low of R16.20/$ . The rand is now more …
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GBP to ZAR, TRY and Yen Currency Update: Protests Weigh on Rand Exchange Rate
Traders did not react favourably to the news as the Rand dived to fresh record-lows versus the US Dollar and the Pound Sterling. After just four-days on the job, Rooyen was replaced by former Finance Minister Pravin Gordhan. After Zuma backtracked the …
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Rand loses ground
JOHANNESBURG. — THE rand resumed its path of weakness at midday yesterday amid dollar strengthening against the euro. At 11.28am the rand was at 15,6199 against the dollar from 15,5647 previously. Against the euro the rand was at 16,8513 from 16 …
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Weak rand cuts Xmas traffic
During the last festive season, one needed 15 rand to buy $ 1, while in 2014 it cost 9 rand to buy the same US dollar unit. The Department of Immigration revealed that 680 000 Zimbabweans, inclusive of arrivals and departures, used the border post for …
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