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Friday, December 6, 2019

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Tag: rand

Rand on the front foot in early trade

Since advancing to a more than one-month best at the end of March after Moody’s declined to issue a credit review, the rand has traded in a narrow range as it...

Rand softens ahead of SA Reserve Bank rate decision

The rand weakened against the dollar on Thursday morning ahead of the South African Reserve Bank (SARB) rate decision later in the day. At lunchtime on Thursday, the rand was trading at...

What to look out for in the budget today with the rand in limbo

Rand volatility is expected on Wednesday as finance minister Tito Mboweni makes his final preparations for the 2019 budget speech. The local unit traded just above R14.00 against the dollar in the...

7 things you need to know today

1. Business confidence eases as more realistic outlook prevails Business sentiment weakened in January, with executives painting a more realistic outlook compared with the euphoria that swept the market when President Cyril...

A stronger rand in February? The data suggests so

As if January’s potential record gain isn’t enough, the rand may be in for a positive February as well if history is any guide. Seasonal data show that South Africa’s currency has...

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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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