SA’s rand might look undervalued, but headwinds are problematic, says Peter Linley, the head of Old Mutual Equities.
SA’s rand was little changed at 13.8899 per dollar in Johannesburg on Wednesday.
Concern over SA’s political risk and the ongoing Pravin Gordhan saga have made it extremely tough to be a currency trader.
SA’s rand was steadier against the dollar on Monday as support for embattled Finance Minister Pravin Gordhan intensified.
Growing concern that Finance Minister Pravin Gordhan’s job is on the line unsettled the rand on Wednesday.
SA’s banking sector takes a huge knock as Finance Minister Pravin Gordhan is summoned to appear in court on fraud charges.
The news that Pravin Gordhan has been charged with breaking public finance rules sent the rand and share prices reeling.
South Africa’s rand is on the verge of bucking a five-year losing trend, according to analysts.
Lingering concerns over the possibility of a December downgrade are weighing on South Africa’s currency, according to economists.
SARB Governor Lesetja Kganyago says predicting the rand’s movements is difficult because of the number of factors affecting it.
Reserve Bank Governor Lesetja Kganyago says fluctuations in South Africa’s currency are partly driven by political turmoil.
SA’s rand is set to strengthen against the dollar over the next two years as relatively high yields continue to attract investment, ...
SA’s rand fell as much as 1.2 percent on Friday to head for its biggest weekly retreat this month.
The market capitalisation of the Top 10 JSE-listed mining companies is R478 billion - a 48% jump thanks to the firmer gold price.
SA’s currency strengthens for a second day, trailing only Mexico’s peso in global currency gains against the dollar.