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Rand

Rand slips in afternoon trade

The rand slipped on Monday after a strong July performance, on the back of weak Chinese manufacturing data that analysts say has put pressure on emerging market currencies. At 1345 GMT, the rand traded at R17.75 against the dollar. The…

Rand firms on Thursday

The rand was slightly stronger against a weaker dollar in early trade on Thursday, ahead of the central bank’s main interest rate decision, which most analysts expect to be a hold after 10 consecutive hikes. At 0540 GMT, the rand traded at…

Rand rises in early trade

The rand firmed in early trade on Tuesday, helped by the US dollar languishing near its lowest level since April 2022. At 0550 GMT, the rand traded at R17.98 against the dollar. The dollar index, meanwhile, was down about 0.2%. Local…

Exporters may benefit from a weak rand

For most ordinary South Africans, the declining value of the rand over the past few years has been a big negative. It’s meant that everything from petrol to cars, electronics, and even your favourite sunglasses have gotten more expensive.…

Rand strengthens Tuesday

The rand strengthened early on Tuesday, ahead of local manufacturing data that could provide more clues about the health of the economy. At 08:51, the rand traded at R18.71 against the dollar. The dollar index was last down about 0.2%…

Rand slips against stronger dollar

The rand weakened against a stronger dollar in early trade on Thursday ahead of the central bank’s quarterly bulletin and producer price index data later in the day. At 09:09, the rand traded at R18.73 against the dollar, about 0.25%…

Rand strengthens against dollar

The rand strengthened on Tuesday as analysts speculated the weekend’s aborted mutiny in Russia may mean President Vladimir Putin could skip Brics summit where South Africa would in theory be obliged to arrest him. The Brics group of…