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South African Rand Tag

Rand recovers, focus on US inflation

Stocks rose too. The South African rand firmed in afternoon trade on Tuesday as power utility Eskom suspended its latest power cuts, with market focus also fixed on U.S. inflation data due later in the week that could unleash bets on faster interest rate hikes there. At

SA is likely to miss economic growth forecast for 2021

After more than 90 nations imposed travel bans on the country right before its summer holiday season because of the discovery of the coronavirus omicron variant. South Africa’s economic growth forecast of 5.1% for 2021 is at risk after more than 90 nations imposed travel bans

Rand firms after strong US jobs data

Which boosted optimism about the global economic recovery. The South African rand firmed on Friday along with other emerging market currencies after a volatile week with price swings driven by domestic politics and US monetary policy. At 1513 GMT, the rand traded at 15.13 against the US