Creator
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.
Jacob Zuma makes payment for Nkandla home upgrades
The President made the payment ordered by the Concourt for taxpayers’ money spent to upgrade his private home the national treasury said.
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.
Inflation climbs to highest rate in seven years
The South African Consumer Price Index has risen to 7%, its highest level since the recession.
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.
Reserve Bank raises interest rate to 6.75%
South Africa’s repo rate has been raised by 50 basis points in an effort to counter the rand’s slump.
IPOs boom on JSE as economy contracts
Local companies have raised a record amount of capital, boosted by mergers, acquisitions and rights offers.