The rand was flat early on Friday, as investors were reluctant to price more risk into local markets. “The rand has stabilised and has recovered once more from its weakest levels for the second consecutive trading session, while bonds have similarly recovered some lost ground,” ETM Analytics said in a note.
Global watchdog the Financial Action Task Force , which sets standards on combating money laundering and illicit financing, could add South Africa to its “grey list” on Friday. Being added to that list would be a reputational knock for South Africa and could hurt local asset prices, as grey-listed countries are subject to greater monitoring by the FATF on concern that they are at higher risk for money laundering and terrorist financing.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Budget 2023 | Rand investors await the devil in the detail of Eskom debt plan | BusinessFinance Minister Enoch Godongwana spurred a brief relief rally in the rand as he presented the country’s budget, unveiling news of anxiously awaited plans to deal with debt at the ailing state-run power utility. | News24_Business
Weiterlesen »
MARKET WRAP: Rand snaps losing streak after ‘surprise-free’ budgetBonds were also firmer on news of a R254bn debt relief package for Eskom, while the JSE lost ground as the Fed prepares to release the minutes of its most recent meeting
Weiterlesen »