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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. Does that mean we should have frequent load shedding? Ay The rand reacts in a strange way!!!
Source: ewnupdates - 🏆 30. / 53 Read more »
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. busrep Maybe it's AbsaSouthAfrica and StandardBankZA... busrep Could not organise a piss up in a brewery with the doors open 24/7 !!
Source: IOL - 🏆 46. / 51 Read more »
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. Fin24 Funny how loading shedding rattles the rand but Trump keeps strengthening the dollar, Teresa May still strengthening the pound Still true that when superpowers sneazes we catch full blown flu. Dark Africa remains at da mercy of Western colonizers. Fin24 Exactly how a responsible Government shouldn't act if they want to grow their economy- hope they heed the disastrous lessons on Venezuela
Source: News24 - 🏆 4. / 80 Read more »
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.
Source: mailandguardian - 🏆 2. / 92 Read more »
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 Zimbabwe should adopt the rand and incorporate to South Africa as the 10th province Why should Zimbabwe adopt another country's currency? Is that the end of these politicians' brains? What will only justify Zim's current situation is eradication of political systems from the motherland African continent.We have tried side A, now let's try side B without politics
Source: BDliveSA - 🏆 12. / 63 Read more »