Dollar in retreat; Payrolls release looms large
By Peter Nurse Investing.com - The U.S. dollar edged lower in early European trade Friday ahead of the release of the widely watched monthly U.S. jobs report which could influence future...
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USD/ZAR - US Dollar South African Rand News & Analysis
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USD/ZAR has room to extend the upside move to over 5% if President Ramaphosa resigns – TDS
The Rand has sold off aggressively today, with USD/ZAR rising over 4%. The pair could extend its rally if South Africa President Cyril Ramaphosa resig
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Zoho to open new office in Johannesburg, announces strategic partnerships and integrations to help local businesses
Zoho Corp., the global technology company, announced today that it will be opening a new office in Johannesburg to accommodate its growing employee base in the country and cater to its...
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USD/ZAR seen edging lower towards 15.00 over next 12 months – SocGen
USD/ZAR has broken below 17.00. Economists at Société Générale expect the pair to trend lower toward 15.00 over the coming months. An initial rebound
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USD/ZAR: Surprise hike by 75 bps could boost the Rand – Commerzbank
The South African central bank (SARB) will hike its key rate further from 6.25%. A 75 basis points hike could support the Rand, economists at Commerzb
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USD/ZAR: Break above 18.50 to open up 2020 high of 19.20/19.35 – SocGen
The USD/ZAR pair formed an intermittent high near 18.50 recently. A break above the latter could clear the way towards the 19.20/35 area, in the view
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USD/ZAR to trend towards the 20 level – Commerzbank
USD/ZAR is aiming for the 19 mark which was last breached in 2020 when the pandemic started. Economists at Commerzbank expect the pair to extend its r
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USD/ZAR has the all-time high at 19.3446 in its crosshairs – Credit Suisse
USD/ZAR has maintained its uptrend throughout the third quarter of 2022. Analysts at Credit Suisse see potential to reach the all-time high at 19.3446
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USD/ZAR to remain elevated before moving back lower to 15.90 by end-2023 – TDS
The South African rand's resilience is likely to be tested in the coming months. Economists at TD Securities expect the USD/ZAR pair to hit 18.00 befo
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USD/ZAR to trade comfortably within a 17.60-18.60 range – Credit Suisse
USD/ZAR rallied recently to a new year-to-date high. For now, economists at Credit Suisse expect repatriation flows to keep the pair fairly stable in
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SA Reserve Bank Confirms Banks Can Work With Crypto Exchanges
The South African Reserve Bank’s (SARB) Prudential Authority this week has reportedly issued guidance to confirm that banks in the country can work with crypto exchanges. This is...
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The ‘Convenience’ Economy: How Online Retailers Can Make Sure They Are Best In Class
The past few years have sparked significant change in society and the global (and local) economy. Most businesses, where possible, transitioned to working remotely and quickly became the new...
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ArcelorMittal's best year since 2008
Arcelor Mittal's share price ran up hard in the past couple of months. With the financial results for the year ended December 2021 now released, it fell 7.3% yesterday. This is despite the...
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Discovery Bank App Now Offers Real-Time Forex Access
Discovery (JO:DSBPp) Bank has launched its comprehensive, real-time forex capability on the Discovery Bank app that gives access to immediate foreign currency transactions.CEO of Discovery...
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The Week Ahead - market updates
US jobsThe US economy created 467 000 jobs in Jan, much higher than the consensus expectations for 150 000, notably due to job gains in the leisure and hospitality sector, which confounded...
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DealMakers (South Africa) 2021 Awards
The Ansarada DealMakers Annual Awards are just a few weeks away. The following are those deals shortlisted for the Brunswick Deal of the Year 2021. The DealMakers Independent Panel have...
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Stor-Age expands in the UK
Stor-Age previously released a cautionary announcement on 20 January that included far more details than most cautionaries do. The company put forward a proposed deal in the UK for four...
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Harmony in SA and dissonance offshore
Gold miner Harmony (JO:HARJ) has updated the market on its production for the six months ended December 2021. Gold production in South Africa was similar to the first half of the 2021...
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Truworths is going sideways
Truworths (JO:TRUJ) has released a business update and trading statement for the 26-week period ended 26 December 2021. The group operates in South Africa and in the UK, which means it has...
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Woolworths has a pain Down Under
I'm afraid there was nothing organic, healthy or delicious about the Woolworths (ASX:WOW) trading update for the 26 weeks ended 26 December 2021. A drop in headline earnings per share (HEPS)...
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Karooooo's third quarter results
Karooooooooo with all the o's has released its third quarter 2021 results. This company is firmly in my long-term JSE portfolio and I was happy to see a positive market response to the...
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J&J vaccine gives Aspen's revenue a booster shot
Aspen (JO:APNJ) has released a business update for the six months to December 2021. Revenue grew between 9% and 11% when measured against the comparable period in the prior year. This...
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2021 in Review: 10 Biggest Stories You Clicked On
While the COVID-19 pandemic has dominated headlines in 2021, the IT industry has seen some big news coming out of this year. We have a look at the top 10 news stories that you clicked...
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S.African rand slips but stocks ride global rally
JOHANNESBURG (Reuters) - South Africa's rand slipped in thin trade on Thursday, even as investors turned back towards riskier assets at the expense of the dollar and other safe-haven...
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Hlaudi Not Paying Back SABC R11 Million, Appealing Ruling
Fired South African Broadcasting Corporation (SABC) chief operating officer (COO), Hlaudi Motsoeneng, has denied receiving a “success fee” of R11 million and says he is appealing...
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South Africa's rand struggles against a stronger dollar; stocks enjoy rally
JOHANNESBURG (Reuters) - South Africa's rand weakened against a stronger dollar in early trade on Wednesday, with investors continuing to weigh up how badly a surge in Omicron coronavirus...
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South Africa's Massmart flags wider annual loss due to looting
JOHANNESBURG (Reuters) -South African retailer Massmart Holdings (JO:MSMJ) flagged on Tuesday a wider annual loss, due to store damages and lost trading income suffered due to looting in...
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South Africa's rand firms as risk appetite improves
JOHANNESBURG (Reuters) - South Africa's rand firmed against a weaker dollar in early trade on Tuesday, as market appetite for risk assets and currencies improved, though a surge in Omicron...
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Billion Rand Windfall, It’s Happy New Year For SA Taxi Owners
Taxi operators – including minibus-taxis, metered taxis, and e-hailing partners – are in line for a massive windfall of more than R1 billion after the industry and transport...
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Remgro To Be The First Company To List On A2X In 2022
Remgro (JO:REMJ) has been approved for a secondary listing on A2X Markets and its shares will be available for trade from 3 January 2022.Remgro will retain its primary listing on the...
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Payment Fraud – Top Five Scams To Look Out For
The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. Ryan Mer, CEO, eftsure Africa, a Know Your Payee (KYP)...
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Thungela Resources expects to return to profitability in 2021; shares rally
By Samuel Indyk Investing.com – Thungela Resources (JO:TGAJ) (LON:TGAT) has announced it expects to return to profitability in respect of Earnings Per Share and Headline Earnings Per Share...
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A TRADER’S THOUGHTS – “There’s A World Of Possibility Out There”
Daniel Kibel, Co-Founder of Africa’s largest trading broker, CMTrading, touches on his journey in trading and explains why the South African market is filled with...
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Dollar Down, Yen Near Seven-Week High as Omicron Continues to Spread
By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia while the yen, a fellow safe-haven asset, remained near a seven-week high. The South African rand and other...
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Wednesday Will See SA Petrol Prices Reach Another Record High
According to an announcement from the Department of Mineral Resources and Energy, South Africa’s petrol prices will see a hike of 81c a litre on Wednesday, 1 December 2021. The price...
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Currencies recover from Omicron chaos but analysts warn more volatility ahead
By Kevin Buckland OTTAWA (Reuters) - Currency markets calmed on Monday in Asia after the initial shock of Omicron's discovery sent investors scurrying for cover last week, but analysts...
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RoboDog Worth “Hundreds of Thousands” Lost from Joburg Science Centre
An AI-powered “RoboDog” has disappeared from the Sci-Bono Discovery (JO:DSBPp) Centre in Newtown, Johannesburg prompting the centre to appeal to anyone with information on its...
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Dollar Weakens Against Yen on New Virus Fears; Rand Hit Hard
By Peter Nurse Investing.com - The dollar edged lower Friday, weighed by gains to the safe haven yen and Swiss franc, as traders dumped riskier currencies in the wake of the discovery of a...
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Dollar Down, but Caps Losses as Newly Discovered COVID Strain Dampens Sentiment
By Gina Lee Investing.com – The dollar was down on Friday morning in Asia. But losses were minimized as growing concerns about a newly discovered COVID-19 variant dampened investors’ risk...
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Asian Stocks Down, as New Coronavirus Strain Makes a “Scary Headline”
By Gina Lee Investing.com – Asia Pacific stocks were mostly down on Friday morning, ending the week on a down note over the discovery of a new coronavirus strain. Japan’s Nikkei 225 tumbled...
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Tech reboots shares, dollar takes Thanksgiving breather
By Marc Jones LONDON (Reuters) - A tech shares bounce carried European equities higher on Thursday, following similar gains on Wall Street and Asia and helped also by a small pullback in...
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New book on South Africa's history puts black people at the centre, for a change
Inkatha leader Mangosuthu Buthelezi, former South African President FW de Klerk and Nelson Mandela after signing a peace pledge ahead of the first democratic elections in 1994. Keith...
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Dollar Edges Higher; Turkish Lira Continues Descent
By Peter Nurse Investing.com - The dollar traded higher Friday, especially against the euro, with traders focusing on the relative speeds the major central banks are expected to respond to...
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A Price Has Been Set for MTN’s IHS Tower Deal – Here Are The Details
After a lengthly competitive process, the MTN (JO:MTNJ) Group has announced that its South African arm has finalised a passive tower infrastructure transaction with IHS Towers. The...
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Crucial for traders! Bump in cryptocurrency market after the US Congress decision
Investing.com - Bitcoin, Ethereum and other top-10 cryptocurrencies are falling Tuesday morning after new legislation was voted down in the U.S. Cryptocurrencies saw significant declines on...
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Telkom SA Sails Through Stormy 2021
Telkom (JO:TKGJ) SA has today published its Interim Results for the six months ending 30 September 2021 reflecting steady earnings growth in the first half of the financial year. In a...
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Roku Price Targets Lowered Across the Board
By Sam Boughedda Investing.com — Several analysts slashed their prices targets on Roku Inc (NASDAQ:ROKU) after its earnings report. The analysts cited various reasons for the reductions,...
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Why the handling of a false South African news report about 10 babies has set off alarm bells
Iqbal Survé, executive chairman of the Independent newspaper group. Dirco/FlickrSouth African newspaper proprietor Dr Iqbal Survé has long pushed the boundaries of credibility, but recently...
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More trouble ahead for erratic emerging market currencies - Reuters poll
By Vivek Mishra BENGALURU (Reuters) - Emerging market currencies are headed for more trouble next year as mounting expectations the Federal Reserve will raise interest rates to quell...
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South African inflation risks skewed to upside in coming months: Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) - An upside risk for inflation in the coming months will likely lead South Africa's Reserve Bank to hike rates by 75 basis points to 4.25% next year...
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