Rand Exchange Rates to Climb on USD Strength As the US Dollar climbs in response to ever improving chances of a Federal Reserve cash rate increase this month, commodity assets such as the ZAR endure headwinds. The Pound Sterling to South African Rand exchange rate climbed closed to 0.6 per ... Read more on Exchange Rates UK Rand in firmer territory after … [Read more...] about Rand Exchange Rates to Climb on USD Strength – Rand Dollar
Dollar
Rand slightly firmer as dollar retreats – SA in the News
Rand slightly firmer as dollar retreats THE rand was a touch firmer in late trade on Tuesday as the dollar retreated on global currency markets. At 3.51pm the rand firmed to R15.2957 to the greenback from R15.3108 on Monday, and climbed to R22.6251 against the pound from R22.7826 ... Read more on BDlive Rand benefits from dollar sell-off Johannesburg - South … [Read more...] about Rand slightly firmer as dollar retreats – SA in the News
Transnet to avoid ‘dollar wilderness’
Transnet’s acting CEO Siyabonga Gama said the South African rail and ports operator will seek funds for expansion from local investors, avoiding offshore debt markets after the rand plunged to a record. The state-owned company plans to raise R10.5 billion in debt including bonds before the end of the 2016 fiscal year, having obtained R17.3 billion since April 1, Gama said … [Read more...] about Transnet to avoid ‘dollar wilderness’
R12 to US Dollar looms on back of financial instability
Magnus Heysteksays that the South African economy is speeding headlong into a financial crisis, the result of a “PERFECT STORM” that is gathering on the horizon, which could wreak serious havoc on employment, the value of the rand as well as government revenues. Yet, in the face of this approaching economic precipice, we have a government seemingly unaware or, worse, … [Read more...] about R12 to US Dollar looms on back of financial instability
