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valuator advisory 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

Covid limits eased in SA even as more test positive

Curfew lifted with immediate effect. South Africa eased restrictions meant to stop the spread of coronavirus even as the percentage of people testing positive for the disease exceeded 20% for the 19th straight day. The government lifted a curfew that was in place from midnight to 4

Fitch unexpectedly upgrades SA outlook

Providing some respite as the nation grapples with the economic damage wrought by a fourth wave of coronavirus infections. Fitch Ratings unexpectedly upgraded its outlook on South Africa’s credit rating, providing some respite as the nation grapples with the economic damage wrought by a fourth wave

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

Gold rebounds as traders weigh Omicron against hawkish Powell

There are ‘polarising views’ on gold’s future. Gold rebounded from a three-week low as traders weighed the spread of the omicron coronavirus variant against comments by Federal Reserve Chair Jerome Powell on the need to curb inflation. Researchers worldwide are racing to understand the full impact of