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Tuesday, September 17, 2019

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Tag: strength

Rand strengthens after Chinese R198 billion investment

The rand opened mostly directionless yesterday hovering at levels above R13.45 to the dollar before getting some much-needed inspiration from President Cyril Ramaphosa’s announcement that China would invest $14.7 billion (about...

Why the strong rand isn’t actually best for South Africa

The South African rand was slightly weaker against the US dollar on Friday morning (2 February), trading around R12 to the dollar following the US Federal Reserve’s decision to keep interest...

Fist Pump! Engen holds onto GenNext title

Engen has again been voted the “Coolest Petroleum Brand” in the Sunday Times Generation Next awards. This is the eighth consecutive year that the country’s youth have backed Engen, reaffirming the company’s uncontested brand...

Rexnord Falk Steelflex couplings offer strength and reliability

BMG’s heavy industrial Rexnord Falk Steelflex couplings are known globally for highly efficient and reliable performance, even in arduous applications. “Falk Steelflex couplings have also been proven to minimise downtime...

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Steinhoff has been fined R53 million for misleading markets

South Africa’s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making “false, misleading or deceptive statements” to the...

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