Chinese markets deterring rand growth

With the backdrop of the weak Chinese and recovering U.S. markets, South Africans may have to get use to the idea of their own currency’s strength declining further during the course of 2016. The rand fell to a new low earlier this week when it dropped more than 1% to[…]

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China extends its Black Monday stocks selloff

Chinese stocks have tumbled another 6.41 percent on the opening of its markets on Tuesday, extending Monday’s nine percent plunge. The stock market falls follow China’s move to devalue its currency earlier this month and have triggered global fears that all is not well in the world’s second-biggest economy. Al[…]

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