rand

Collapsed Rand Investigated

The investigation into the collapse of the rand has started, with the Competition Commission targeting six major financial institutions implicated in currency manipulation. The commission confirmed that this probe would reveal the forces behind the depreciation of the currency in the last few years. Spokesperson for the Competition Commission Itumeleng[…]

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Rand decline to affect property markets

With food, petrol and interest rate hikes already on the horizon due to a weakening currency, the declining rand is also expected to have a knock-on effect on the country’s property market. The most immediate impact is expected to be as a result of rising interest rates, which will effectively[…]

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Rand slumps to new low of R17,99 against dollar

Last night the rand dropped to a record low of R17, 99 to the US dollar during what’s been described as erratic trade on Asian markets. However, according to Efficient group chief economist, Dawie Roodt the Asian markets are not the only thing contributing to a weaker rand. “There are[…]

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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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Tough times ahead, warns economist

South Africans are facing tough economic times ahead as the country faces the biggest currency decline in years. The rand hit a new low earlier this week coming in at R14 to the dollar, a result of a stock market crisis that is threatening to cripple the Chinese economy. China’s[…]

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Rand affected by rouble: Economist

The rand was being affected by the Russian rouble’s depreciation because they exported similar commodities, and could be seen in the same emerging market basket, an economist said on Thursday. The rand has fallen to levels against the US dollar last seen in 2008, reaching a low of R11.93 to[…]

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