GBP/ZAR falls into the 16.00s after relief for rand following the dropping of fraud charges against Finance Minister, Pravin Gordhan.
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The Pound to Rand exchange rate has rallied by over a percent as South Africa’s finance minister delivers his mini-budget.
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GBP/ZAR continues its downtrend despite technical warning signs of reversal as Gordhan gains yet more powerful allies.
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The rand’s value has been exaggeratedly bid up due to hype over inflows from the merger between Johannesburg-based brewer SABMIller and AB InBev, argues the Italian lender.
Read more … →Increased political and economic risks produce pain for the South African Rand.
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GBP/ZAR is showing signs of bottoming although the fundamental outlook for both the pound and the rand look quite bleak.
Read more … → The rand looks set to gain on continued inflows from the merger of Johannesburg-based SABMiller and AB InBev, the two largest brewers in the world, whilst sterling remains vulnerable to Brexi…
Read more … →GBP/ZAR continues falling broadly as balance of fundamentals support South African Rand.
Read more … →The Pound to South Africa (SA) rand has fallen steeply this week after news of a merger between the world’s two largest brewers SABMiller and ABI saw the latter purchasing rand to buy up shares in …
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