Basis point

By IndepthAfrica
In Business
May 31st, 2012
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South Africa’s rand hit a fresh six month low against the dollar early on Thursday before recouping some of its losses but could resume a slide towards 8.6 as Europe’s debt woes drive investors away from emerging market assets to perceived safer havens. The local unit fell to 8.58 to the ...
By IndepthAfrica
In Business
Feb 13th, 2012
0 Comments
20 Views
South Africa’s rand firmed against the dollar on Monday, with further gains seen as calm returned to the market after nervous selling on Friday caused in part by a cryptic announcement from the central bank that spooked traders. Friday’s statement said President Jacob Zuma would announce ...
By benim
In News
Dec 29th, 2011
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South Africa’s rand recouped some of its overnight losses against the dollar on Thursday but could give up further ground in line with a struggling euro, with thin liquidity as the year closes exaggerating some of the moves. By 0652 GMT the local currency was 0.22 percent firmer on the day at 8...
By IndepthAfrica
In Business
Dec 28th, 2011
0 Comments
18 Views
South Africa’s rand was little changed from its previous close and government bonds were also largely flat in sluggish trade on Wednesday, with most players out of the market until the start of the new year. The rand traded at 8.1530 against the greenback at 0653 GMT, down just 0.04 percent fro...