This week, the words on the lips of everyone is the stellar performance of the rand in the current state of global geopolitics.
This week, the rand was on the back foot again as hawkish monetary policy returns to major markets and loadshedding is reintroduced.
The recent economic data coming out of South Africa signalled continued signs of positive economic activity, with November’s retail sales growth reported at 3.3% (year-on-year).
Last week saw the rand strengthen by 1.5% against the greenback and by 0.7% against the Pound.
This past week saw a strengthening of the rand against almost all major currencies.
Studying at an international university is the first step to broadening your horizons. Not only are you granted opportunities to go overseas, to get a job and potentially stay depending on your circumstances, but you can build a global network that will last a lifetime.
The outbreak of the Omicron variant will be felt across all sectors in South Africa but, most importantly, it will affect interest rates, economic grants and the fuel price.
Positive data from China usually means an increase in demand for emerging market assets and an improved risk sentiment.
The ZAR saw weakness across the board, weakening against 19 of the top 20 currencies, including the Brazilian Real (BRL) (-3.46%), the US Dollar (-2.48%) and the Pound (-1.3%).
The Rand has depreciated drastically over the past week, with movements to the downside against 17 of the top 20 currencies.
Ireland is quickly becoming a hotspot destination for investors seeking long-term residency or second citizenship.
Here’s what every South African expat should know about keeping on the right side of the tax man when you leave the country.
Another round of high inflation numbers has sparked concerns over the persistence in the recent upward price pressure.
Fear of inflation rising has been the main driver of market movement this past week.
Over the past week, we have seen the USD strengthen against 18 of the top 20 currencies, with the Dollar Index (DXY) moving 0.76% higher.
A tough bout for the rand in the markets last week saw the South African currency endure another round of losses.
A wave of risk-off sentiment clouded over the market last week. Growing credit concerns, relating to the Chinese real estate giant Evergrande, have led to a global rout and contagion jitters.
The rand has reclaimed its position as the best performing emerging market currency this year, strengthening across the board against the top 10 currencies.
The rand enjoyed another favourable week, benefitting from a further bout of USD weakness.