The rand is up to its old tricks again…
The question Mike Schüssler probably gets asked the most as an economist is; “where will the rand be by Christmas or next year this time”.
commodity prices
Editorial Comment on MTBPS – The small things tell an encouraging story
It’s the little things that say so much as I discovered when attending the pre-MTBPS “lockup” in Parliament yesterday.
Russia/Ukraine peace talks at the forefront of rand strength
TreasuryONE’s currency expert Andre Cilliers is confident the rand can remain entrenched between 14.50 and 14.85 in the “very, very” near term.
Budget 101 with Magnus Heystek
Hard-hitting investment strategist Magnus Heystek gave his insight into Enoch Godongwana’s first budget speech as finance minister.
đź”’ Premium: Mining companies back in vogue with investors – and SA’s government
Heystek frets that the ANC’s vote-catching schemes like a Basic Income Grant and NHI are being justified against this peak (mining) revenue background.
đź”’ Alec Hogg: Commodity prices are a Rand warning
“As commodity prices came under pressure around the Evergrande crisis, SA’s exchange rate tumbled from R14.14 to yesterday’s six week low of over R15.”
đź”’ Miners aren’t investing despite price boom – With insights from The Wall Street Journal
“Limited spending on new projects raises concerns about future supply shortages, particularly for metals used for lower-carbon products.”
Kumba reports bumper earnings, declares R40 dividend
Kumba, one of the few darlings of the JSE over the past five years, has reported a bumper set of numbers for its financial year-end.
Harmony Gold’s earnings soar, shares climb
Harmony expects with a reasonable certainty that net profit for H1FY21 will be between R5.7bn and R5.9bn, around 330% higher than H1FY20.
Diversified miner Glencore reports record trading profits
Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its results.