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The South African rand began the week at R17.07 against the US dollar, reaching a 20-month high after a period of steady gains. As expected, the rand saw some losses due to global influences, particularly from the US and Middle East. On Monday, the rand briefly strengthened to R17.03, benefiting from improved investor sentiment towards … Read more
The South African rand slipped on Monday, pausing after two weeks of gains driven by improved investor sentiment. It traded at R17.25 to the dollar, about 0.8% weaker than Friday’s closing level. Over the past week, the rand has shown both strength and volatility, influenced by global and domestic factors. As of September 2024, the … Read more
Market commentators agree that all the signs point to South Africa’s economy gradually recovering in the coming months. Assuming this is the case, many people will find themselves with increased discretionary income as a result of their cost cutting efforts and more cautious spending habits over the past few years. According to Babalwa Nonkenge, Head of Retail Investments … Read more
The South African rand opened the week at R17.82 against the US dollar, having recently hovered around its R17.67 support zone. There was optimism for further strengthening, especially with an expected US interest rate cut on the horizon. However, the rand slipped, closing Tuesday at R17.92. This weakening was mainly due to the release of … Read more
Last week, the South African rand opened at R17.79 against the US dollar. Throughout the week, the rand fluctuated, slipping to R18.02 and gaining as much as R17.59, influenced by economic releases that affected both the rand and the dollar. On Monday, the dollar saw significant gains as investors anticipated South Africa’s Q2 GDP data, … Read more
Last week, the rand opened at its strongest rate this year, trading at R17.67 against the US dollar. This was supported by easing global tensions, particularly in the Middle East, which had previously led to risk-averse behaviour in global markets. As concerns about potential conflicts lessened, investors moved away from the dollar and turned to … Read more
Over the past week, the South African rand (ZAR) has experienced significant fluctuations due to a mix of domestic and global factors. The rand initially showed strength, supported by positive domestic economic data. The week began with the rand trading at 17.85 USD/ZAR, dropping by 17 cents, and closing at R17.69 against the dollar. Investor … Read more
In the wake of the economic challenges posed by the global pandemic, South Africa is on a path to recovery. One crucial player in this recovery is the recruitment agency, which serves as a bridge between job seekers and employers, facilitating the flow of talent that drives business growth. In this article, we’ll delve into … Read more
The South African rand demonstrated significant strength this past week, largely influenced by international factors and global market sentiments. The rise in tensions between Israel and Iran, particularly expectations of Iranian retaliation against Israeli airstrikes, initially heightened market concerns. However, these fears subsided later in the week when Iranian officials clarified that no such retaliation … Read more
