How much are you really paying for forex?
Forex charges can be a murky minefield, making it difficult to understand exactly what you’re paying for.
Forex charges can be a murky minefield, making it difficult to understand exactly what you’re paying for.
This bad apple and a handful of associates in Johannesburg doesn’t make the entire SA banking system corrupt. And certainly isn’t grounds to award the Guptas a banking licence in the name of “promoting competition”.
Jumping to conclusions never helps. To paraphrase Herbert Spencer, an ironclad guarantee for everlasting ignorance is contempt prior to investigation.
The recent Rand strength is a reflection of less rather than more global risk aversion – and so a search for value in equities rather than in the defensive qualities of global consumer facing companies paying predictable and growing dividends.
South Africa’s rand was being tipped by some strategists as one of 2016’s likely currency winners as recently as Wednesday. They didn’t see Jacob Zuma coming.
An investigation into the South African FX market found instances of confidential client information being shared by foreign exchange dealers but no evidence of misconduct by major banks.
The South African Reserve Bank (Sarb) said late on Monday it may consider becoming involved in foreign exchange markets to ensure orderly price action.
China’s surprise devaluation of the yuan couldn’t have come at a worse time for some Asian currencies.
Hayes, a 35 year old derivatives trader, is the first on a long list of bankers who stand accused of conspiracy, manipulation of the key Libor interest rate
The JSE all-share index is trading 0.3% lower in trade today, as the market experiences broad-based losses