The South African rand has hit a concerning milestone, crossing the R19. 80 mark against the US dollar as the US-China trade war intensifies with retaliatory tariffs. Analysts warn the currency could breach R20 if global trade tensions continue to es…
The dollar index was last up 0. 5% at 109. 24, not far from the two-year peak of 109. 58 it hit last week.
Economists are anticipating a 25 basis point interest rate cut in South Africa next month, with another potential cut in November as the inflation rate eased to ...
The proportion of cash versus digital currency is shrinking slowly but, nonetheless, surely.
The Financial Sector Conduct Authority has approved Jaltech as one of the few investment product providers to receive a crypto asset service provider license.
The JSE All Share index fell more than 1% to below 73 400 points yesterday, mainly pressured by resource-linked stocks.
From the use of grain and salt as currency all the way to paper money, the payment landscape has been steadily and constantly evolving.
The domestic currency had strengthened to R18. 77 to the dollar on the better-than-expected Budget, but then moved closer to R19. 00/$1 by 1pm following the release ...
Treasury had previously issued a $500 million Sukuk bond in 2014, when it became the first African nation to issue a sovereign sharia-compliant bond.
Concerns about deteriorating fiscal metrics in South Africa drove the markets to the red yesterday, with stocks on the JSE and the rand beginning the week trading ...
FBS, a leading global broker, celebrates 15 years since the first trader registration.
Bitcoin hit the $50,000 level for the first time in more than two years.
The rand began the week on better footing, dipping below the R19-mark yesterday on the back of a subdued US dollar as investors were cautiously awaiting US consumer ...
Nedbank economist Isaac Matshego on Friday said the rand was firmer this week after the Fed announcement boosted emerging market assets.
Anchor Capital, which has R225 billion in assets under management, said South Africa was ‘going to be different’ post the May election.
The rand closed at R18. 72 against the US dollar on Friday after weakening to R19. 22/$1 earlier in the week, mainly supported by expectations of delayed rate cuts ...
The rand yesterday plunged to its lowest in three months after precious metals prices slid on reduced hopes of rapid interest rate cuts by major central banks, particularly ...
Retail sales data and mining figures due later in the week will be closely watched for a more complete picture of South Africa's performance in the fourth quarter. ...
The rand retreated to its lowest in two weeks yesterday and stocks on the JSE extended losses, in spite of improving metals prices, after economic growth in South ...
The gold price strengthened above $2 000 (R36 838) an ounce yesterday, hitting its highest levels in more than six months and benefiting immensely from the dollar’s ...