South African Communist Party members have held key positions in the ANC-led governments. EFE-EPA/Kim LudbrookUntil recently, just living to a 100 was an achievement worth celebrating for...
Downside risks for the South African rand have eased after the recent sell-off, argue analysts at MUFG Bank. The USD/ZAR is forecast to trade at 14.40
The constitutionality of police raids to retrieve suspected looted goods has come into question. Flanked by members of the SANDF, police officers have been conducting a retrieval operation...
The USD/ZAR pair is getting ever closer to resistance at 15.1004/1916 above which lies 15.5716/6645, point out analysts at Commerzbank. They also note
(Bloomberg) -- Tech investor Prosus (OTC:PROSF) NV fell sharply in Amsterdam trading after China’s move to place restrictions on the country’s education tech sector caused a plunge in shares...
Demonstrators in Johannesburg march against environmental damage done by coal. Photo by Cornell Tukiri/Anadolu Agency/Getty ImagesSouth Africa’s over-reliance on coal-fired power plants...
The South African rand loses momentum and motivates USD/ZAR to regain upside traction and advance to the 14.60 region on Thursday. USD/ZAR up post-SAR
By Peter Nurse Investing.com - The dollar traded largely unchanged in early European trading Thursday, on the back foot as risk appetite returned to the market ahead of the latest European...
By Geoffrey Smith Investing.com -- Surging Covid-19 cases trigger a wave of risk-off sentiment across the world, throwing England's "Freedom Day" into chaos and pushing crude oil prices...
The South African rand was among the worst performers of the week with USD/ZAR rising more than 2%. The recent fall in the currency can be attributed
By Peter Nurse Investing.com - The dollar was largely flat in Europe early Friday, maintaining the week’s gains on a safe haven bid amid rising Covid-19 cases worldwide. High U.S. inflation...
By Peter Nurse Investing.com - The dollar edged lower in early European trade Wednesday, handing back some of the previous session’s sharp gains after a jump in U.S. inflation raised...
Analysts at Credit Suisse raise their short-term USD/ZAR target range to 14.40-14.95 (from 13.60-14.40 previously) after the rand has been hit by adve
President Cyril Ramaphosa is out of touch with what is happening on the ground, said DA leader John Steenhuisen. “Very little in his address offered anything new or significant in terms of...
Water shortages across three Gauteng metros are continuing. An explosion at a water pumping station has caused disruptions in Johannesburg, Tshwane and Ekurhuleni. Rand Water says it’s...
Motorists can expect an increase in petrol prices on Wednesday. The Department of Energy says Petrol is set to increase by 29 cents a litre of 93 unleaded petrol. And leaded petrol will...
During June the South African rand weakened notably against the US dollar from 13.747 to 14.296. According to economists at MUFG Bank, ZAR is less att
Three people arrested and accused of theft and money laundering in the VBS Mutual Bank heist are expected to appear in court on Tuesday. They are all former officials of the West Rand...
Share with your network! The country’s municipalities have spent a billion rand on consultants to help with financial statements.Auditor-general Tsakani Maluleke has painted a bleak...
Share with your network! The vaccination drive for teachers kicks off officially on Wednesday.Basic Education Minister Angie Motshekga and Gauteng Education MEC, Panyaza Lesufi, will...
The FOMC’s hawkish messaging last week helped to accelerate the recovery in USD/ZAR. Economists at Credit Suisse now expect USD/ZAR to trade in a nois
The USD/ZAR pair has rallied to the 14.3668/5437 resistance zone. A rise above 14.6857 would be medium-term bullish, according to Axel Rudolph, Senior
(Bloomberg) -- South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an...
(Bloomberg) -- Under pressure from investors and environmentalists, Anglo American (JO:AMSJ) (LON:AAL) Plc exited its South African coal business this week, but the spinoff could have an...
Share with your network! Health Minister Zweli Mkhize has apologised for the fallout from the Digital Vibes scandal – as calls for his sacking grow louder.The Minister answered questions...
USD/ZAR sliced through the 2011-2021 support line at 13.7377 and nears the January 2019 low at 13.2338, Axel Rudolph, Senior FICC Technical Analyst at
Share with your network! Health Minister Zweli Mkhize will appear before Parliament’s Portfolio Committee on Health on Friday morning.He’ll be answering questions related to a...
General USD weakness and a positive terms-of-trade shock will likely lead markets to continue to put aside rand-negative local. Consequently, economis
The South African rand has stood out as the best-performing EM currency against the US dollar since the start of the year. Despite its recent apprecia
By Peter Nurse Investing.com - The dollar edged lower in early European trade Thursday, handing back some of the gains seen after the minutes from the Federal Reserve's latest policy meeting...
Economists at Credit Suisse convert their single-point 14.30 USD/ZAR target into a range of 13.70-14.30 as the rand remains subject to appreciation pr
(Adds latest prices, analyst quotes)JOHANNESBURG, May 14 (Reuters) - South Africa's rand firmed on Friday as global risk demand was aided by signs the United States central bank would keep...
(Recasts with profit forecast)JOHANNESBURG, May 14 (Reuters) - South African retailer TFG TFGJ.J flagged an up to 85% decline in full-year profit on Friday, hurt by COVID-19-led lockdowns...
May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:** Asset management services provider Sanne Group SNNS.L rejected buyout firm...
JOHANNESBURG, May 14 (Reuters) - South African Airways (SAA) aims to resume flights in July or August, but the restart date will depend on how the COVID-19 pandemic progresses and whether...
* EM stocks drop 10% from Feb highs to hit correction territory* Time for raising interest rates has come closer - Czech c.bank* Polish inflation jumps, GDP shrinks in first quarterBy...
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.- - - - -GLOBAL MARKETS Japanese...
JOHANNESBURG, May 14 (Reuters) - South Africa's rand firmed in early trade on Friday as global risk demand was aided by signs the United States central bank would keep lending rates low...
JOHANNESBURG, May 14 - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday. SOUTH AFRICAN...
(Adds details from statement)JOHANNESBURG, May 14 (Reuters) - South Africa's Sasol Ltd SOLJ.J said on Friday it was selling a 30% stake in the Republic of Mozambique Pipeline Investments...
JOHANNESBURG, May 14 (Reuters) - South Africa's Sasol SOLJ.J said on Friday it was selling a stake of 30% in the Republic of Mozambique Pipeline Investments Company (ROMPCO) for up to 5.145...
(Adds latest figures, analyst comments)JOHANNESBURG, May 13 (Reuters) - South Africa's rand firmed on Thursday, recovering alongside other emerging market currencies following the surprise...
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