The South African rand, last week, faced challenges and failed to recoup. Load shedding concerns continue to cast a shadow over the rand.
The South African rand remains under pressure, courtesy of local economic concern. Its recent weakness can be due to the power supply crisis.
Last week, the absence of significant South African data left the rand without a definitive local catalyst. More in the following report
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The South African rand strengthened against 18 of the top 19 currencies we monitor. The strong performance was not unexpected.
The Rand had yet another tough time in the forex markets last week, as local conditions continue to pressure the emerging-market currency.
South Africa has been officially “greylisted”. Sable International explains what this means and what the impact might be for South Africans who intend to transfer or invest funds offshore.
The rand lost ground against all major currencies, as the severity of local power cuts continues to intensify
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The rand had a mixed performance in markets last week. The emerging-market ZAR faltered against a solid greenback, and the USD/ZAR appreciated
Rand turbulence was partially offset by risk-on investment sentiment in the global financial markets. Find out more in this article
The rand’s recent weakness was mainly due to a deteriorating economic outlook due to a pessimistic view on the country’s growth capabilities.
The rand was benefited from recent risk-on sentiment. The greenback weakness allowed the USD/ZAR pair to move 2.04% lower during the week.
The rand had a relatively poor performance last week, which can be partially attributed to local uncertainty in the banking sector.
The South African Q3 unemployment rate was released last week. Unemployment came in at 32.9%, down from the 33.9% reading in the previous quarter.
The SARB released South Africa’s inflation rate last week, which came in at 7.6% for October, up from last month’s 7.5%.
Sable International answers some FAQ’s their forex team often receive about transferring large sums of money out of South Africa
Sable International takes a look at why the UK is an ideal destination for South Africans and outlines the process for applying to universities.