Tag: rand
7 things you need to know today
This is all the latest business news that you need to know today:
1. Steinhoff woes continue to pile up in Europe
Troubled retailer Steinhoff International’s woes continue to pile up as one...
October is high-risk month for rand’s recovery
Emerging markets are rebounding from the second-quarter horror show, but for South Africa’s rand October still holds large risks.
Two events, in particular, loom large: Finance Minister Nhlanhla Nene’s medium-term...
Rand slips 3% as SA edges towards recession
The rand fell as much as 3% against the US dollar on Wednesday, buffeted by a spate of bad domestic news, as global investors shy away from emerging-market currencies.
Earlier,...
Rand crashes through R14/$
So the rand party is over… The domestic currency yesterday took a pounding like never before, tanking more than 50c in less than 36 hours and crashing through the R14 mark...
Weak rand could be great for manufactured exports
The rand opened about 0.5 percent weaker on Tuesday, trading near the R13.40 mark before strengthening to R13.28 during intraday trade.
However, it is not all doom and gloom as analysts...
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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...
