November 27, 2023
South Africa: Banks and National Treasury Challenge Claims of Currency Manipulation and Market Collusion
National Treasury has argued that the alleged actions of banks to manipulate the dollar-rand exchange pair from 2007 to 2013 were not the main cause of the local currency… Read more »
November 01, 2023
South Africa: Rand and Bonds Post Mild Gains After Mini-Budget Allays Worst Fears
The initial market reaction to Finance Minister Enoch Godongwana's mini budget was cautiously positive as it allayed -- for now -- some of the graver concerns among investors. Read more »
August 27, 2023
South Africa: Unseating the Mighty Dollar Is a Non-Starter - Finance Minister
South Africa's finance minister, who also leads his counterparts in Brazil, Russia, India and China, believes that the mooted development of a BRICS common currency is a… Read more »
August 21, 2023
South Africa: Trimming Reliance On the Dollar High On Brics Summit Agenda
About 40 countries have shown an interest in joining the bloc and leaders at the meeting in SA will discuss criteria for new membership and the necessary financial contributions. Read more »
South Africa: 'Brics Bank' Throws Weight Behind Use of Local Currencies for Trade and Financing
Although the New Development Bank has always stated its intention to increase its local currency fundraising and lending, it has rarely provided details on the mechanisms of doing… Read more »
May 25, 2023
South Africa: Rand Hits Record Low Despite Reserve Bank Hiking Interest Rates By 50 Basis Points
The rand sank to a record low on Thursday after the statement by the South African Reserve Bank's Monetary Policy Committee and subsequent comments by the governor painted a bleak… Read more »
May 12, 2023
South Africa: The SA Reserve Bank Has Committed a Serious Linguistic Crime On New Banknotes
SA Reserve Bank, please remove the ludicrous, absurd, fictional and offensive toy word 'bangikulu' from our banknotes now. Read more »
July 06, 2022
South Africa: SA's Currency Sinks With Euro, Hits Lowest Level Since 2020 Against Resurgent Dollar
With Europe on the verge of recession, the euro has sunk to 20-year lows and is pulling the rand down with it. Not that the rand needed much pulling against the backdrop of… Read more »
June 30, 2022
South Africa: South African Company Launches World-First Crypto Water Token
A new model for financing water projects around the world has been developed by a local company. Read more »
May 11, 2022
South Africa: Russia Rescued the Rouble - What Does That Say About the Rand?
Most pundits considered the capitulation of Ukraine to be inevitable. Its resilience was lauded, but the outcome of a conflict was deemed inevitable. A country of 44 million was… Read more »