Dollar resilience drives Rand, other EM currencies weaker
The rand surged to R13.58 to the US dollar on Tuesday morning as the dollar remained resilient after gaining ground against a basket of currencies on Monday.
The rand surged to R13.58 to the US dollar on Tuesday morning as the dollar remained resilient after gaining ground against a basket of currencies on Monday.
The big move this month saw Barclays dumped from the Biznews Global portfolio. The reason; the board disappointed on the honesty and integrity scale of the Warren Buffett scoreboard of investing.
SA’s downgrade after the nation’s finance minister was fired means three of the five BRICS nations now have junk credit assessments at S&P Global Ratings.
Donald Trump says the US will only come to the aid of NATO members attacked by Russia after reviewing whether those nations “have fulfilled their obligations to us.”
The attempted coup by a faction of Turkey’s armed forces on Friday failed for many reasons, including divisions among the military and repeated missteps by the plotters.
Already embroiled in Syria’s war, Friday’s failed plot to topple President Recep Tayyip Erdogan risks shattering what’s left of Turkey’s image as a stable country.
There are five scenarios the UK and the European Union are facing post Brexit that could either boost or hamper South Africa’s trade relations.
Mondi has signed a deal to buy 90% shares in Turkey’s Kalenobel for around $101 million as part of a plan to grow its packaging business.
Investec economist Brian Kantor thinks there is still much scope for improved local fundamentals to add further strength to both the Rand and the economy.
South Africa was recently downgraded by Fitch to BBB-, one notch above the dreaded junk. Rosamund Hutt talks all things credit ratings and tells us what they actually mean for a country.