Rand, stocks drift weaker in quiet trade

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The currency dipped slightly tracking the weaker euro, which fell after European Central Bank chief Mario Draghi gave his final news conference and data showed stagnating economic momentum in the euro zone.

JOHANNESBURG - The rand traded marginally weaker on Thursday, in line with global currency markets ahead of some important central bank meetings, and in the absence of new signals from the Sino-US trade war and the Brexit saga.Without local catalysts, the rand is expected to take direction from global markets.

In fixed income, the yield on the benchmark government bond due in 2026 fell 0.5 basis points to 8.21%.

 

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Durban's promenade gets multi-million rand upgrade - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Durban will soon be home to over eight kilometres of pristine promenade space along the city's main beaches, and work is expected to begin early next year on the development of a mall, a five-star hotel and a residential property. Now sort out the crime on the beach front and point so all can go to beach 24/7 eThekwiniM Less than 10km away is over 80 shack settlements. RAMPANT CRIME has killed KZN. After a decade of gangster mayor, it will take decades for city to recover. Private land has been forcefully & illegally taken by violent people employed by eThekwiniM, assisted by SAPoliceService Yeah right.. I went to Durban this year.. it's all hype, they only have the beach front and gateway.. go to the inner city and you find slum like buildings, litter everywhere; shacks next to beautiful suburbs.. I'm like hebana? Is this the Durban everyone is crying about
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