The rand touched its weakest level in four months on Tuesday after news that SA’s economy performed far worse than expected in the fourth quarter, while hawkish comments from the Federal Reserve chair Jerome Powell further weighed on sentiment.
Data from Stats SA shows GDP contracted by 1.3% in the three months to end-December, well below market expectations of a 0.4% decline and the sharpest contraction since the third quarter of 2021, mainly as a result of persistent load-shedding...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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MARKET WRAP: JSE follows global stocks higherInvestors' attention this week turns to Fed chair Jerome Powell and key US economic data
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
SA fund manager pays R272m bail in US for 'manipulating rand' to get R500m payday | BusinessA South African fund manager charged by US authorities with currency manipulation to trigger a $30-million payout will go on trial in October after being released on a $15-million personal bond. | JanTamb News24_Business JanTamb _Business $10,542 earned within the last 3 months from my crypto investments with Rose_Matthews0 Now I'm looking to learn even as my investment continues with her. You really need to experience that feeling of earning while you learn. JanTamb _Business In SA the bail money could have been 2000 rand. 😂 for someone who has stolen more than 200 million. JanTamb _Business He saw someone getting away with it in this pathetic Republic and thought everybody else round the world accept that kind of treasonous act,they should give give him 30 years
La source: News24 - 🏆 4. / 80 Lire la suite »
Business Maverick: South Africa Rand’s Volatility Rises Amid Ramaphosa Farm Robbery ScandalThe rand’s volatility is soaring as a scandal involving South African President Cyril Ramaphosa and the sale of buffalo once again shakes investor confidence. Not a President.....more of a criminal! Where is he?
La source: dailymaverick - 🏆 3. / 84 Lire la suite »