Search results
Oct 9, 2024 · Netizens joke about the rand. South Africans on Facebook turned the news into an opportunity to laugh. Cindy Tshabangu said: "When Helen is angry, the rand is affected, and that is why South Africa won't get anywhere." Sikhumbuzo Masondo linked the rand's performance to the ongoing election for a Tshwane mayor.
Sep 30, 2024 · The rand’s recent gains come on the back of several external factors. The global pullback of the US dollar, combined with a slight improvement in local investor sentiment due to South Africa’s political developments, has contributed to the rand hovering around the R18 mark. But let’s not get carried away—this is hardly an indication of ...
Jul 8, 2024 · The South African rand over the weekend picked up strength while the dollar took a slight hit in value. This was after the dollar lost strength in the face of slow job growth and an expected cut in interest rates by its Federal Reserve. Dr Kenneth Creamer, economist at Wits University told Briefly News why he believed the rand was strengthening.
Aug 5, 2024 · Using this direct comparison in pricing, the implied exchange rate of the rand is R9.12. The difference between this and the actual exchange rate, R18.19 at the time The Economist did the study ...
Oct 5, 2020 · The rand has been surprisingly strong since early April with a few reversals along the way, says Bianca Botes, executive director at Peregrine Treasury Solutions. This is what’s influencing the ...
5 days ago · While the South African rand strengthened by a significant 7.9% over the past year, real risks of sudden devaluation remain close as unpredictable global factors loom large, says currency expert Bianca Botes.
Sep 19, 2024 · September 19, 2024 at 1:57AM EDT. Lesetja Kganyago, governor of South Africa s central bank, speaks at an interest rates news conference in Centurion, South Africa, on Thursday, May 30, 2024. (Waldo Swiegers/Photographer: Waldo Swiegers/Blo) (Bloomberg) -- The rand strengthened Thursday, as sentiment was boosted by the dollar’s pullback and ...
