The rand was a touch softer against the dollar on Thursday, coming off the session’s highs after the central bank left rates unchanged despite a hawkish policy statement that had fuelled last minute expectations for a hike.
Governor Lesetja Kganyago … Read the rest
Since 1994, the South African currency’s value has correlated with the emerging market index, the result of its status the currency of reference across emerging markets.
“It seems now like the market is starting to think that South Africa’s internal … Read the rest
South Africa’s rand sank this week to within sight of three-year lows against the dollar as a wave of strikes spread beyond the mining sector, threatening the biggest industrial crisis since the end of apartheid.
After two months of violent … Read the rest