Rand breaks through R12/dollar, strongest level in 2.5-years

At 2:49pm the South African rand was trading at R11.97.

That is the rand’s strongest level in 2.5 years.

Investor sentiment around politics in South Africa has vastly improved since the election of Cyril Ramaphosa as ANC president and, more recently, the appointment of a new board at Eskom.

Ramaphosa’s tough stance on corruption, and talk of repairing state-owned entities and public finances is boosting the currency and South African assets.


This article first appeared on 702 : Rand breaks through R12/dollar, strongest level in 2.5-years


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Economic researcher slams anti-poor VAT hike

Economic researcher slams anti-poor VAT hike

The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.

Anglo American profits soar. Pays highest dividend in a decade

Anglo American profits soar. Pays highest dividend in a decade

The Money Show’s Bruce Whitfield interviews Anglo American CEO Mark Cutifani.

Woolworths, pummelled in Australia, loses R4.86 billion

Woolworths, pummelled in Australia, loses R4.86 billion

The Money Show’s Bruce Whitfield interviews Woolworths CEO Ian Moir.

How to capitalise on an environment that has suddenly turned for the better

How to capitalise on an environment that has suddenly turned for the better

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

'Budget is excellent under the circumstances. I give it 9 out of 10'

'Budget is excellent under the circumstances. I give it 9 out of 10'

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

Popular articles
Convicted murderers of Winnie Rust went on a shopping spree using her bank cards

Convicted murderers of Winnie Rust went on a shopping spree using her bank cards

EWN reporter Shamiela Fisher says 77-year-old Rust took care of one of the accused and supported him and his family financially.

Journos join the dots: Estina suspects, 'Zupta empire' and state capture in SA

Journos join the dots: Estina suspects, 'Zupta empire' and state capture in SA

Senior investigative journos unravel the Estina Dairy Farm scandal and how the suspects fit into the bigger state capture project.

Ramaphosa gets Presidency off on the right foot

Ramaphosa gets Presidency off on the right foot

The President met with the people of Cape Town while on a 5 kilometre morning walk from Gugulethu to Athlone.

Political Desk: Shivambu and Malema have become excellent narrators- Haffajee

Political Desk: Shivambu and Malema have become excellent narrators- Haffajee

Huffington Post editor in chief shares her view on the SONA debate with Bongani Bingwa.