Business Day Live / Johannesburg, South Africa Rising US interest rates signal more change to come “[T]he [US] Fed’s rate rise didn’t cause much renewed volatility anywhere. Indeed, markets saw something of a ‘relief rally’…. This is the way it should be. Read the full article by here: Johannesburg, South Africa News Submit and get free … [Read more...] about US interest rates signal change; Obama’s calm leadership; democracy…
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S. African new finance minister urged to hike interest rates
The rand’s vertiginous slide over the past few days has caused concern among South Africans, prompting economists to urge new finance minister David van Rooyen to hike interest rates. The local currency broke through the R16 barrier to the U.S. dollar, and R17 to the Euro on Friday, two days after President Jacob Zuma fired Finance Minister Nhlanhla Nene, replacing him … [Read more...] about S. African new finance minister urged to hike interest rates
