The rand buckled against the dollar on Tuesday (25 October), testing R18.50 - having closed last week closer to R18 against the greenback.
The UK's Conservative Party leader Liz Truss resigned as Prime Minister after a chaotic 44 days in office that brought financial instability to the nation, causing serious knock-on effects to markets.
The rand gained further ground against a weaker dollar in morning trade on Tuesday (4 October) as it searches for any meaningful direction on either side of the R18.00 mark.
The South African Reserve Bank's Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 75 basis points.
The South African rand has come under immense pressure on Monday (19 September) as the country feels the pressure of stage 6 load shedding, and markets look ahead to interest rate hikes from major central banks.
South Africa's rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements.
Weeks of load shedding and the flooding in KwaZulu Natal are expected to be the key drivers behind a decline in economic growth for the second quarter of this year, say economists at the Bureau for Economic Research (BER) -…
Despite recent moves to cut red tape - especially for small and medium businesses - analysts and trade experts say the Department of Trade and Industry and Competition (DTIC) is actively 'kneecapping' investment in South Africa by trying to force…
The South African central bank’s proactive efforts to contain price growth mean the country has a good chance of getting through the worst global inflation shock in a generation “without particularly high inflation or high interest rates,” deputy gover...
Search giant Google has launched Google Wallet in South Africa on Tuesday (23 August), enabling users to save and access payment cards, loyalty cards and boarding passes, with support for additional items being added over time.
© 2022, Instive. All rights reserved
