The UniCredit team have cut their year-end and 2018 forecasts for the Rand following Wednesday's budget but they also highlight that, after an initial bout of short term volatility, the Rand should…
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Sterling is up more than 5% against the Rand over the week, aided by a repricing of UK interest rate expectations and a sharpening focus by the market on South Africa's credit rating.
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Falling tax receipts and general revenue underperformance could see the South African budget deficit rise to 4.5% of GDP in 2018, endangering its investment grade status, but the right mix of polic…
Read more … →The Pound-to-South African Rand seems to have finished correcting back and now looks poised to advance in the coming, helped by subsiding Brexit fears and what many expect to be a disappointing bud…
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The South African Rand started moving down as the Dollar moved higher at the end of the trading week, inversely mirroring the movements of the greenback.
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There are three candidates and much is at stake in the forthcoming ANC leadership vote. The Rand could either fall sharply or gain by a double-digit number in response to delegates' choice of leade…
Read more … →The Pound-to-Rand exchange rate's short-term trend higher stalled following a major ruling by the supreme court against President Zuma, and the exchange rate has since started moving lower; now it …
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The South African Rand jumped against its peers ahead of the weekend after the Supreme Court of Appeal rejected the South African president’s attempt to avoid corruption charges.
Read more … →Careful structuring of October's budget statement may help South Africa to avoid a ratings downgrade this year, but fiscal pressures and politics may threaten its investment grade status in 2018. …
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