Tag: exchange rate
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Rand steady at below R14/$
The rand was steady at levels below R14/$ following former Zimbabwean president Robert Mugabe’s resignation late on Tuesday.
Mugabe tendered his resignation to the speaker...
Rand extends losses as further downgrades loom for SA
The rand extended its losses against the dollar on Monday afternoon‚ as the market processed reports that President Jacob Zuma was gearing up to...
Rand shows slight improvement
The rand continued to trade cautiously and was slightly firmer against the dollar‚ unlike other emerging-market currencies.
Just before midday‚ the rand had gained 0.17%...
Rand continues to fall
The rand was under pressure and continued to weaken against the dollar on Thursday‚ extending the trend after the medium-term budget policy statement speech.
The...
Rand hits 10-month low after budget speech
The rand lost about 26c to the dollar during the course of Wednesday’s medium-term budget policy statement (MTBPS)‚ with markets processing news from Finance...