Rand weakens after CPI data
At 11.28am the rand was at R14.6252 against the dollar from a previous close of R14.5972. It firmed to R14.54 on Wednesday morning after falling to a record low of R14.70/$ on Tuesday. Against the euro the rand was at R15.9866 from R15.8984 and at …
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Rand at worst-ever levels against the dollar
The South African rand continued to trade at its worst ever levels against the dollar on Tuesday (8 December), amid a stagnant local economy, and rising debt. On Friday, Fitch downgraded South Africa's sovereign credit rating to BBB- from BBB, while …
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Rand eases after US rate hike
By 07h00 GMT the rand had weakened 0.27 percent to 14.9750 per dollar, giving up some of the gains of the previous two sessions sparked by the naming of Pravin Gordhan as finance minister. Government bonds firmed, with the yield on the benchmark …
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Fragile rand hits R16.04 to dollar as negative sentiment persists
THE rand continued its downward trajectory against the dollar, pound and euro on Friday afternoon, reaching new record lows, as negative sentiment prevailed after President Jacob Zuma dismissed Nhlanhla Nene as finance minister on Wednesday evening …
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Rand plunges after Nene's shock exit
The rand dropped as much as 5.4 percent against the dollar, its biggest decline since September 2011, hitting a new record low of 15.3857. The currency was down 2.4 percent at 14.9369 per dollar at 10.40pm in Johannesburg. “This is a big negative, …
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