Reserve Bank denies using reserves to influence rand
The South African Reserve Bank (SARB) said on Wednesday that it did not use its reserves to influence the exchange rate of the rand.
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Third of SA companies plan job cuts, says survey
Just over a third of South Africa's top 120 companies are likely to retrench staff in the next six months, it was reported on Friday.
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A good compromise for the rand
It is "not bad" if the rand stays around current levels rather than heading to R8 to the dollar, says a senior derivatives dealer.
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Tough times ahead for economy, but not all bad news
The Bureau for Economic Research says in its third-quarter 2008 prospects report that South Africa's economy faces a tough road ahead.
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Zimbabwe's currency crashes, prices rocket
Zimbabwe's currency plunged to a new record low on Thursday, trading at an average one billion to the US dollar on a recently introduced interbank market.
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Rethink on rates
The core recommendation of the report is that the larger industrial countries move towards a system of "flexible exchange rate bands".
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