South African Gold Producers Soaring As Rand Crashes
Since the start of 2015, the South African Rand has taken a tumble against the USD. This was a continuation of what has been happening since 2011, as the Rand has weakened considerably against the Dollar during that time. And in what seems like a …
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#RandReport: Bargain buying lifts South Africa's stocks, rand weak
Other gainers included Africa's largest mobile operator MTN, which gained 4,53 percent to 141,16 rand, while its rival, Vodacom added 2,34 percent to R151,72. Among the losers was Tiger Brands, which fell 1,81 percent to R318,00. Trade was light, with …
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South Africa Rand May Fall Further When Fed Moves, SARB Says
South Africa's currency weakened to a record against the dollar on Monday after the Reserve Bank's report was released. The rand has lost 20 percent against the dollar this year, adding to pressure on inflation from rising food and energy costs …
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South African Rand Crisis Stoked as Locals Transfer Money Out
This analysis always leaves us with the unhelpful conclusion that the rand is extremely weak but has been much-much weaker before." The message here is there is certainly precedent for the South African exchange rate complex to fall further. The …
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