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Xola Potelwa

Reserve Bank keeps benchmark repurchase rate unchanged at 7%

The key lending rate has remained unchanged since March after the monetary policy committee raised it by 200 basis points.

Like clockwork? Rand surges after fraud charges against Pravin Gordhan are dropped

The rand advanced to its strongest in almost six weeks, leading global gains against the dollar.

Expensive lessons for rand traders as Gordhan battle rages

The currency has swung to being the emerging world’s worst performer this month, from best in the third quarter, after the move to prosecute Gordhan.

Hillary Clinton’s debate ‘victory’ boosts rand to five-week high

Markets have judged Hillary Clinton to have won the first of three US presidential debates against rival Donald Trump.

Reserve Bank leaves benchmark rate unchanged at 7%

The rand has strengthened 15% against the dollar this year after losing over 25% of its value in 2015.

Denmark’s Jyske Bank joins Futuregrowth in ‘pulling plug’ on Eskom

Local asset managers have expressed support for Futuregrowth, suggesting they won't lend money to parastatals.

Denel to ‘vigorously oppose’ treasury’s bid to block deal with Gupta-linked company

The state-owned arms maker said it will fight efforts to block a deal to market its products in Asia with a company that has been tied to the Guptas.

Rand plunges to three-week low after report that Pravin Gordhan was summoned by Hawks

The finance minister was told he would receive a 'warning statement' given to accused persons before they are charged with an offence.

Unprecedented JSE error means current account is under greater pressure

Everyone, from stock analysts to economists and the central bank, has been left reassessing two months of data on the country’s investment flows.

Brexit spells bad news for SA: Rand falls most against the dollar since 2008 as UK votes to leave EU

Britain's decision to leave the European Union has had widespread ramifications for the world's financial markets.

Tipping point looms for SA as economy’s despair grows

Not since Nelson Mandela walked out of Victor Verster prison 26 years ago have investors been gloomier about South Africa’s economy.

Soweto’s unpaid bills add to Eskom’s financial woes

Soweto residents owe Eskom R3.6bn in unpaid power bills they don't ever intend to pay, compared to R2.6bn owed by the rest of the country.

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