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Rand falls after dismal data, stocks rise

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Sverige Senaste nytt,Sverige Rubriker

At 1530 GMT, the rand was 0.3% weaker at 14.8700 per dollar, retreating after sailing to a session best of 14.7320.

JOHANNESBURG - South Africa’s rand fell against the dollar in late afternoon trade on Wednesday, giving up gains from earlier in the session, following a string of dismal economic data.

Mining output data will be released on Thursday before President Cyril Ramaphosa gives a speech opening parliament. He is expected to give details on government plans for ailing power utility Eskom. On the stock market, the Top-40 index rose 1.56% to 52,000. The broader all-share was up 1.34% to 57,744.

 

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Sverige Senaste nytt, Sverige Rubriker

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