Zuma Says Rand's Response to Nene Dismissal Was an Overreaction
The removal of former Finance Minister Nhlanhla Nene in December didn't trigger the collapse of South Africa'scurrency, President Jacob Zuma said. “The rand had been going down when Nene was there, it had been going down for months and months,” …
Read more on Bloomberg
GLOBAL MARKETS-Shares extend losses as China sows confusion
Currency markets saw some wild swings with the South African rand collapsing to record lows at one point before bouncing. MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.8 percent to its lowest since late 2011. China's main indexes …
Read more on Reuters Africa
Rand weakness dampens SA Property
Until the ministerial merry-go-round in SA's government, South African listed property outperformed equities and bonds, mustering a 15% return in rand terms for the first 11 months of 2015, reports Ortneil Kutama, Africa Property News.com Media Director.
Read more on Africa Property News
SWOT Analysis: South African Gold Miners Surge Due To Margin Expansion from …
South Africa's President Jacob Zuma fired his finance minister this week, and replaced him with a little-known lawmaker, according to Bloomberg. The South African rand plunged against the dollar on this news, causing South African gold miners to surge …
Read more on Gold Seek
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