The rand recovered all of Tuesday’s losses on Wednesday, and then some, as improved SA business confidence added to investor appetite for riskier assets.
The rand gained almost 2%, its biggest one-day rise in more than a week, after falling on Tuesday on data that showed SA’s economic collapse in the second quarter was worse than feared.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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MARKET WRAP: Shoprite and Aspen boost JSE as miners lag behindThe rand fell to about a one-week low, nearing R17/$, with the JSE all share paring gains following the release of second-quarter GDP data
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African Bank to return to corporate bond market for fundingShareholders have committed to underwriting a maximum of R8bn of fixed and floating rate bonds over a period of nearly three-and-a-half years
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African Bank to return to corporate bond market for fundingShareholders have committed to underwriting a maximum of R8bn of fixed and floating rate bonds over a period of nearly three-and-a-half years
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Let UK pay levels and working hours adjust to the market, says top BoE economistAndy Haldane says prolonging the UK’s wage-support programme could delay the economy’s much-needed restructuring
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Market data — September 8 2020Market data including bonds and fuel prices
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FREE WEBINAR | The ins and outs of buying property in today’s marketRegister for the Sunday Times Connect discussion in partnership with Lucky Bean on Sept 17 at 6pm, on the ins and outs of buying property in today’s market.
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