Currency strengthens in line with ongoing trends
Over the past week, the South African rand has shown increased strength, notably influenced by a weakening US market and conservative policies from the South African Reserve Bank (SARB). On …
Sable International
Rand drops due to Middle East tensions & market jitters
This past week, the South African rand experienced notable declines, primarily influenced by a “risk-off” sentiment amid the ongoing conflict in the Middle East and concerns over potential escalations. Notably, …
Weak USD and strong gold boosts ZAR
Over the past week, the South African rand (ZAR) increased significantly against both the USD and the British Pound (GBP). The currency was mostly driven by a weaker USD and a …
Rand stable despite global turmoil
Over the past week, the South African Rand (ZAR) maintained stability, fluctuating within a limited range. The currency consistently traded between R23.75 and R23.95 against the British Pound. During the …
South African economy strengthens with Gold Surge
This past week, the South African Rand demonstrated notable strength, achieving levels not seen since mid-February. The Rand’s robust performance was primarily fueled by a significant rise in gold prices …
Sable International CEO Reg Bamford completes Cape Town Cycle Tour
There were plenty of familiar – and famous – faces spotted along the route of Sunday’s Cape Town Cycle Tour. One of those was Cape Town-born Reg Bamford. Bamford, now …
The Rand tumbles amid fiscal concerns
This week, the South African Rand experienced a significant decline against major currencies, influenced by negative market reactions following the national budget announcement. The Rand is currently trading at R19.17 …
Rand Report: Rand edging up
At the beginning of this week, the Rand has shown strength, trading above R19.05 against the US Dollar (USD) and surpassing R24 against the British Pound (GBP). USD/ZAR ascending triangle …
Rand’s fate tied to global risk sentiment
Over the past week, the South African Rand weakened further against most currencies, including those from emerging markets and developed countries. Notably, the Rand declined by 2.04% against the New …
A week of varying exchange rates with the US Dollar and British Pound
The South African Rand has exhibited some fluctuation, oscillating within a roughly 3% range since last Tuesday. As of this writing, it is positioned at the midpoint of this range, …