Tags : rand

Breaking News

Overall market expectations this week

Gold retreated from a bullish week on Fed Governor Waller hawkish comments on the need for faster tapering of the quantitative easing (QE) program. Subsequently markets have had an upshift in the expectation of the US interest rate path going into 2022. This expectation has also been reflected in the Treasury yields curve with a steepened front end with the belly and the long end of the curve flattened. Read more.

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The South African Rand (ZAR, Rand) In Focus

The South African Reserve Bank (SARB) Governor Lesetja Kganyago yesterday announced that the Monetary Policy Committee (MPC) voted 3 โ€“ 2 to hike the repurchase interest rate (repo-rate) by 25bps setting the benchmark interest rate to 3.75% from 3.5%. Read more.

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South African News and Market Update: Spar slips more than

Spar's share price fell more than 7% on Wednesday after the company reported weak financial results for the 2021 financial year ended September 30. While the group described its "robust performance" despite "numerous challenges" during the year, the market reacted to the fact that it could only report revenue growth of 2.9% (to R127.9 billion). "Mixed performance across the regions resulted in an operating profit of R3,4 billion, down 1,5% on the previous year," the group said in its Sens results statement. "At constant exchange rates, revenue increased 3.9%, highlighting the impact of the stronger rand on the

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South African News and Market Update: Stor-Age share price rises

Shares in self-storage property fund Stor-Age rose just over 6% on the JSE on Tuesday after its half-yearresults to the end of September 2021 showed another strong set of financial results. As well as paying an interim dividend of 56.60 cents per share, Stor-Age announced an 8.85% increase in its dividend per share and chose to give the market an "outlook" by forecasting full-year dividend growth of between 6% and 8%. Read more.

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