The lira has been hit by continued signs of political interference in monetary policy, but so far the spillover effect onto the rand is limited
The rand was weaker against major global currencies on Monday afternoon, with global markets somewhat subdued ahead of risk events.
Fallout to other emerging-market currencies after the Turkish elections has, however, been limited as this was a very country-specific occurrence, said Mercato Financial Services analyst Nico du Plessis. The bigger driver at the moment was US-China trade talks, and to a lesser extent Brexit.
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.
Newsdeck: Namibia Commits to Rand Peg as Economy Limps Out of SlumpNamibia is ruling out dropping its currency peg with the South African rand “unless something very drastic happens,” given the close trade links to its larger neighbor and the drive by the world’s biggest producer of marine diamonds to recover from a two-year recession.
Read more »
Claims of billion rand deals for friends, death threats and whistleblowers - the PIC inquiry so farFrom death threats and allegations of wrongdoing in billion rand investments, to the search for an anonymous whistleblower and the suspension of top officials, this is what the commission of inquiry into the Public Investment Corporation has heard so far.
Read more »
Rand retreats from 5-week highThe rand weakened in early trade on Monday, retreating from a five-week best hit in the previous session, as currency traders looked for direction from US-China trade talks and updates on Brexit.
Read more »
Rand a little weaker as market eyes risk eventsBrexit uncertainty continues, while investors wait for an update on the US-China trade talks
Read more »
Rand on track for best week since JanuaryThe currency was also supported by Eskom’s assurance that electricity supply disruptions would be limited during the winter months
Read more »
Rand gains on slow US wage growth, stocks upAt 1530 GMT the rand was 0.32% firmer at 14.0675 per dollar from 14.1125 on Thursday.
Read more »
'Turf wars' lead to 7 killed, 7 wounded on East RandSuspected clashes between rival gangs involved in collecting trash at the Rietfontein dumpsite and a drug turf war in KwaThema have led to the murder of seven people.
Read more »
'Turf wars' lead to 7 killed, 7 wounded on East RandSuspected clashes between rival gangs involved in collecting trash at the Rietfontein dumpsite and a drug turf war in KwaThema have led to the murder of seven people.
Read more »
Brics bank listing of rand bonds on JSE ‘imminent’'We've applied for a R10 billion programme and we have received approval to proceed,' said New Development Bank vice president Leslie Maasdorp.
Read more »
#RandReport: Rand reaches week high as Moody's delays decisionAt 1650 GMT the rand had strengthened 2.14% to 14.2000 to the dollar, its firmest level since 22 March.
Read more »