RandReport: Rand tumbles as Eskom sours outlook, stocks flat
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#RandReport: Rand recovers after power cuts fallout, stocks riseAt 1657 GMT, the rand was 0.36% firmer at 13.7550 per dollar, compared to its close of 13.8050 the previous day.
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Eskom power cuts weigh on SA randThe South African Chamber of Commerce and Industry expresses concern about investment into the country being discouraged.
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Eskom stage 4 load shedding wipes away rand gains | IOL Business ReportDomestic currency tumbles to its weakest level against the dollar in almost three weeks after rolling power cuts take effect.
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Markets LIVE: Load shedding 'rattles' local market as rand pays the price'With Eskom implementing stage 4 load shedding and Moody's announcement that the split of Eskom is not enough to turn Eskom around, the state of the SOE remains dire and the rand is paying the price,'says Peregrine Treasury Solutions's Bianca Botes.
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SA rides emerging market wave🔒 With the country thrashing out a solution to its Eskom problems, foreign investors appear to have taken a renewed shine to South Africa, given the improved performance of government bonds and the rand in recent weeks.
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Zimbabwe should adopt the rand, says former finance minister Tendai BitiThe call is an endorsement of the government’s efforts to link Zimbabwe’s economy to SA’s currency
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