Rand's Pain Means Gain For Shares Of South African Gold Producers
(Kitco News) – It was a tough week for most gold-mining stocks if their operations weren't based in South Africa. Gold slid this week, dragging down shares of most gold-mining companies that trade in North America. However, news reports suggested this …
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Do the math on SA's rand – and cry?
New York – Three finance ministers in five days: those two numbers just aren't adding up for traders of South Africa's rand. Firing one long-term incumbent and then replacing his successor on the insistence of business leaders has so dented President …
Read more on Independent Online
Africa in the news: Kenya and Ethiopia ink 0 million trade deal, South …
The forecast for the rand is not any better as the current account deficit widened sharply in the last quarter and the country's net gold and foreign exchange reserves have also declined since October. Just last week, Fitch Ratings cut South Africa's …
Read more on Brookings Institution (blog)
S.African rand at 3-1/2 week lows, stocks open weaker
South Africa's rand fell as much as 0.8 percent against the dollar early on Wednesday, reaching its weakest level in more than three weeks as a gloomy domestic economic outlook weighs. The local bourse also got off to a weak start, with the Top-40 …
Read more on CNBCAfrica.com
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