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Friday, December 13, 2019

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Tag: Currency

Rand meltdown brings SA recession / junk rating closer

According to Bloomberg, South Africa is moving closer to a recession and possible credit-rating downgrade to junk after the rand collapsed and as investors lose faith in the ability of President...

South Africa’s currency falls to all-time low against the US dollar

The Rand briefly hit a rate of 14 to the dollar amid concerns about the strength of the Chinese economy. Bloomberg reported forward-rate agreements - used to speculate on interest...

Investor oil fears weaken rand

The rand weakened against the dollar early on Wednesday according to Reuters. This as a result of the falling global oil prices, that again dropped 10% in this week so far,...

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Substantial cost savings achieved as Konecranes upgrades old Wolff Crane

A 35 T/15 T Wolff Crane, that was installed in a local metal plant in 1989, was recently upgraded by Konecranes. The modernisation of...

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