Tag Archivesrand

IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Real GDP contracts for second consecutive quarter in second quarter

SA’s real GDP contracted for the second consecutive quarter in the second quarter, but the rate of decline at least moderated to a seasonally adjusted annualised 0,7% q-o-q from a downwardly revised 2,6% (previously 2,2%) in the first quarter, Nedbank economists said today.  The outcome was worse than market expectations of marginal growth of around […]

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Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions

Rand plummets as SA enters recession

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. After breaking through R15.00/$ this morning, the ZAR slipped to R15.12 after news broke that the South African economy had slipped into a technical recession with GDP falling -0.7% quarter-on-quarter annualised and rising by only 0.4% year-on-year and undershooting market expectations. This follows a restated […]

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Bertus Visser, Chief Executive of Distribution at PSG Insure

How rand depreciation affects your insurance cover

By Bertus Visser, Head of Distribution, PSG Insure. Times are tough in markets across the globe, and South Africa is no exception. To make matters worse, continued pressure on the rand – largely due to factors outside South Africa’s control – is fuelling inflation fears and adding pressure to an already struggling economy. This affects […]

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turkish-flag-1774834_960_720

How to stuff a Turkey

Turkey’s financial woes have escalated into a full-blown crisis, with other emerging markets, including South Africa, suffering some collateral damage. According to Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), at Old Mutual Multi-Managers, Turkey faces challenges on a number of fronts. “It is in an unstable neighbourhood and runs a large current […]

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Pile-of-dollars

Nedgroup Investments Cash Solutions launches US dollar solution

Nedgroup Investments Cash Solutions says in a statement today that it is launching a US dollar solution. (more…)

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Maarten Ackerman

Emerging market storm ensnares rand

By Maarten Ackerman, Chief Economist, Citadel. Having experienced its largest one day fall in over a decade, the rand is trading at the weakest levels seen since 2008, briefly touching R15.55/$ overnight before levelling out at R14.55/$ this morning. (more…)

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Sanlam Private Wealth on financial education and inherited money

What’s happened to the rand??

The recent slide in the rand has little to do with local developments, “instead as we have maintained throughout the year, it is all about the shrinking pool of Global $-Liquidity,” Mehul Daya and Walter de Wet of Nedbank CIB say. The dollar is also stronger in its own right. US dollar strength is evident against […]

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Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions

Rand facing headwinds as rates kept on hold

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. Following the announcement by the MPC to keep interest rates unchanged, the rand has shown little reaction, however there are a few key elements that can see the rand come under pressure as the market digests the comments by the Governor. A downward adjustment in […]

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