Finance

USD = R18.23   AUD = R12.25 GBP = R21.98   DXY = 104.18 EUR = R19.51 Brent Crude = $86.51 per barrel Not the best start to the week for the Rand, especially when the major hurdles this week still lie ahead of us.  We opened at R18.14 to the Dollar and quickly fell…

USD = R18.14   AUD = R12.27 GBP = R21.86   DXY = 104.46 EUR = R19.34 Brent Crude = $84.96 per barrel The Rand managed to safely navigate it’s way to a close of trade with no curveballs thrown at the Rand on Friday. The Rand had opened the week at R18.19 to the…

USD = R18.19   AUD = R12.27 GBP = R21.78   DXY = 104.87 EUR = R19.31 Brent Crude = $84.50 per barrel The Rand drifted sideways yesterday as we opened at R18.17 to the Dollar and pretty much stayed around that level, except for the briefest of runs to R18.12.  Our ability to remain…

USD = R18.17  AUD = R12.28 GBP = R21.86  DXY = 104.61 EUR = R19.39 Brent Crude = $84.23 per barrel Ramaphosa’s political paralysis on spectacular display as crucial decisions neglected read the Headlines Thursday morning. A frenetic start to the new month the Rand seemed to hit a brick wall at 18.12 and all…

USD = R18.29   AUD = R12.35 GBP = R22.04   DXY = 104.87 EUR = R19.39 Brent Crude = $83.86 per barrel New day a new Month what lies ahead for a battered Rand? President Cyril Ramaphosa on Tuesday broke his silence on the remarks made by former Eskom CEO André de Ruyter, who accused…

USD = R18.45   AUD = R12.38 GBP = R22.05   DXY = 105.22 EUR = R19.46 Brent Crude = $82.78 per barrel While our ladies cricket team were smashing England in the semi-final on Friday afternoon the Rand was also being hit for six with multiple headlines going against us.  We fell to R18.48…

2023/24 budget speech by Minister of Finance Enoch Godongwana Madam Speaker, Nosiviwe Mapisa-Nqakula; His Excellency, President Cyril Ramaphosa;   His Excellency, the Deputy President, Mr. David Mabuza;     Cabinet  Colleagues;  Members of the Executive Committees for Finance;Honourable Members;The Governor of the South African Reserve Bank;    The Commissioner of the South African Revenue Service;Deputy President of the Governing Party, Honourable Paul Mashatile and leaders…