rand of South Africa

JOHANNESBURG, April 3 (Reuters) - South Africa's rand opened firmer on Tuesday as the greenback dipped slightly with some traders opting for short-dollar positions as the scandal around President Donald Trump momentarily eclipsing fears over a U.S.-China trade war. * At 0640 GMT the rand was 0.21 ...

JOHANNESBURG, April 3 (Reuters) - South Africa's rand firmed on Tuesday as global risk appetite improved and markets appeared to shrug off worries that U.S.-China trade tensions could damage global growth. Stocks ended lower as African Rainbow Minerals shares fell after an attack on its miners that ...

The $2.5 billion South African food business says the ongoing listeriosis outbreak could cost the company 800 million Rand, or more than $67.5 million. On March 4 South Africa's Minister of Health named Tiger's Enterprise Foods polony production facility in Polokwane as the source of the outbreak strain ...

JOHANNESBURG, March 20 (Reuters) - South Africa's rand gained was firmer on Tuesday as positive inflation figures and the likelihood the country would avoid a downgrade by Moody's soothed sentiment ahead of an anticipated lending rates increase in the United States. Stocks were slightly firmer as ...

JOHANNESBURG, March 19 (Reuters) - South Africa's rand slipped to its weakest in more than a month on Monday as a broad sell-off of emerging markets triggered by an impending U.S. Federal Reserve meeting and fears of a global trade war added to worries about a ratings review this week.

PRETORIA, March 20 (Reuters) - South Africa's current account deficit widened more than expected to 2.9 percent of GDP in the fourth quarter due to a smaller trade surplus driven by a rally in the currency late last year, central bank said on Tuesday. The rand has appreciated by about 20 percent against ...

JOHANNESBURG, March 19 (Reuters) - South Africa's rand weakened against the dollar early on Monday as caution gripped investors ahead of a ... Moody's, the only major agency with an investment grade rating on South African debt but with a downgrade review, is scheduled to make a decision on ...

A few months ago, South African investors were flocking to rand hedge stocks in the face of dismal domestic economic prospects and a volatile currency. ... of their revenue outside South Africa and that will therefore benefit if the rand depreciates) or SA Inc shares (revenue earned mainly locally)?' Instead, ...

JOHANNESBURG, March 15 (Reuters) - South Africa's rand slumped to a one week low on Thursday as a lack of momentum to push the currency ... a 2.1 billion rand ($177.44 million) black empowerment top-up scheme that will give employees a 10 percent shareholding in the South African business.

Moving to a different sector, the Rand could rise further against the Pound on 15th March when South African mining statistics are released. Gold and mining production levels for January will be revealed; current forecasts are for rising levels of output across the board. South Africa has a heavy reliance on ...

JOHANNESBURG, March 14 (Reuters) - South Africa's rand was firmer on Wednesday as emerging market currencies benefited from renewed demand for riskier assets after the sudden dismissal of U.S. Secretary of State Rex Tillerson sunk the dollar. At 1400 GMT the rand was 0.25 percent firmer at ...

Crisis-hit South African retailer Steinhoff closed down 3.41% to R4.25 after it said it has sold its 17% stake in KAP Industrial for R3.66 billion, another ... Still reeling from a move by US President Donald Trump to impose tariffs on US metal imports, steel maker ArcelorMittal South Africa fell 9.47% to R2.58.

Crisis-hit South African retailer Steinhoff closed down 3.41% to R4.25 after it said it has sold its 17% stake in KAP Industrial for R3.66 billion, another step in its ... from a move by US President Donald Trump to impose tariffs on US metal imports, steelmaker ArcelorMittal South Africa fell 9.47% to R2.58 rand.

JOHANNESBURG, March 13 (Reuters) - South Africa's rand edged firmer on Tuesday, continuing to eke out gains in subdued trade as optimism over the domestic economy and short-buying ahead of inflation numbers in the United States spurred demand. * At 0640 GMT, the rand was 0.06 percent firmer at ...

[JOHANNESBURG] A South African court granted an order that stops the state-owned utility from signing deals with independent producers for renewable power projects worth 56 billion rand (S$6.22 billion), the applicants in the case said. The interdict, brought by the National Union of Metalworkers of ...

Economic growth and investment in South Africa is set to rebound following several years of economic and political decline, say economists in a new PwC report. ... “A firmer rand improves the outlook for South African consumers through lowering the cost of imports and associated inflation. Indeed, the ...

The Pinehaven intersection‚ which connects the busy Hendrik Potgieter road and the R28/N14 highway on Gauteng's West Rand‚ should have been eradicated and replaced seven years ago with a safer modern interchange that requires no vehicle to come to a complete stop. It's a busy intersection that ...

There are signs the outlook for the Pound against the South African Rand are turning more constructive, are there more gains to come for the exchange rate? The GBP/ZAR pair has bounced strongly and the young recovery seems to be raising questionmarks over the established downtrend. The rebound ...

JOHANNESBURG, March 12 (Reuters) - South Africa's rand steadied on Monday, holding on to gains notched up in the previous session as a benign U.S. jobs report eased worries about inflation and faster rate hikes. At 1526 GMT, the rand traded at 11.8175 per dollar, not far off its New York close of ...

South Africa's rand flat as Trump trade war continues to weigh ... South African Rand coins are seen in this photo illustration taken September 9, 2015. ... JOHANNESBURG (Reuters) - South Africa's rand edged firmer on Friday, pausing a week-long slide on fears about the impact of a potential global trade ...

A stronger rand may boost the national psyche, but it's really not clear if South Africa really wants its currency to keep getting stronger. ... In the long term, offshore profits are also worth less in rands. ... In recent years the rand weakened, South African consumer confidence dipped to apartheid-era lows.