The JSE gained a modest 0.24%, but is up more than 4.5% for the week
The rand firmed the most in more than a month on Friday, reaching the strongest level in three weeks as it continued to find support from the SA Reserve Bank’s aggressive interest rate hike.
The local currency, which has been trading around 23-month lows for the past few days, found support after the SARB raised its benchmark rate by 75 basis points to 5.5% in a move to curb accelerating inflation, which remained above the central bank’s target range of 3%-6%...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE and rand firm as investors digest rate hikes at home and abroadReserve Bank’s more hawkish stance supported the local currency in late trade, says strategist
Read more »
Simon’s weekly wrap: Investing in a bear market[LISTEN] This week MoneywebNOW looked at where we are in the bear market, Amplats and Kumba’s subdued numbers, how emotions may thwart investments, SA’s potential FATF grey-listing, and Levi Strauss as a stock, with SimonPB . MoneywebNow Investing
Read more »
Futures gain, stocks extend rally as dollar dips: markets wrapStocks extended a rally Wednesday amid a retreat in the dollar and speculation that the worst of this year’s equity rout may be over. Moneyweb Stocks Markets
Read more »
WRAP | French Grand Prix: Teammates Sainz, Leclerc put Ferrari on top in Practice 2 | SportLIVE | French Grand Prix: Teammates Sainz, Leclerc put Ferrari on top in Practice 2 | Sport24news
Read more »
Russia resumes gas flow to Germany as three killed in Ukraine marketBut with the flows still reduced, Germany’s economy minister Robert Habeck accused Russia of blackmailing Europe over energy
Read more »
Market data — July 20 2022Market data including bonds and fuel prices
Read more »