South African rand report

SA rand gained: Analyst says it had looked undervalued

By Gary Dunn 19-07-23 13:38

Reuters: The South African rand gained strongly on Tuesday, with one analyst saying it had looked undervalued after year-to-date losses and citing support from rising prices for precious metals, a key South African export. SOUTH AFRICAN RAND GAINED At 1550 GMT, the rand traded at 17.8550 against the dollar, about 1% stronger than its previous […]

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The 10 richest people in the world today – 19 July

By Shyleen Choruma 19-07-23 09:24

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

sa rand exchange rate

South African rand recovers as market sentiment shifts

By Sable International 18-07-23 18:26

The South African rand ended last week in the green, recovering from recent headwinds as risk sentiment turned away from safe-haven assets. The focus last week was on US inflation data which served as the catalyst for a shift towards risk-on investment sentiment. The US inflation rate came in at 3.0% in June, declining from […]

SA Government Notes Fitch’s SA ‘BB-’ Rating

Rating agency affirms SA debt outlook as stable

By Fazila Olla 18-07-23 11:29

Government has noted Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at ‘BB-’ and maintain a stable outlook. According to Fitch, South Africa’s credit rating is constrained by low real gross domestic product (GDP) growth hampered by power shortages, high level of inequality, a high government debt-to-GDP ratio, and a […]

sa rand exchange rate

Reminder: The next interest rate announcement is THIS week

By Garrin Lambley 17-07-23 19:45

There will be three more interest rate announcements in 2023, the next of which will take place this week on Thursday, 20 July at 15:00. Following that, the remaining dates for the year are Thursday, 21 September and Thursday, 23 November. Early suggestions are there could well be yet another interest rate hike on Thursday, dealing yet another blow to South Africans in […]

South African rand report

SA Rand retreated on prolonged power cuts

By Gary Dunn 17-07-23 18:10

Reuters: The South African rand retreated on Friday, bringing last week’s rally to a halt as prolonged power blackouts and expectations that the central bank will leave its main interest rate on hold next week weighed on the investor mood. SOUTH AFRICAN RAND RETREATED The risk-sensitive rand has been a big beneficiary of data this […]

Dollar steady

Dollar pushed lower as South African rand grows stronger

By Mercury 13-07-23 13:10

Reuters: A sliding dollar was pushed lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month’s end. SLIDING DOLLAR WAS PUSHED LOWER The dollar has been steadily slipping for about six weeks, but had its worst session in […]

sa rand exchange rate

When is the next interest rate announcement?

By Garrin Lambley 13-07-23 12:36

There will be three more interest rate announcements in 2023, the next of which will take place next week on Thursday, 20 July at 15:00. Following that, the remaining dates for the year are Thursday, 21 September and Thursday, 23 November. Early suggestions are there could well be yet another interest rate hike next Thursday, dealing yet another blow to South Africans in […]

SA Post Office retrench workers

SAPO business rescue puts 1000’s of jobs on the line

By Fazila Olla 13-07-23 11:22

The Post Office joins a string of state-owned entities by going business rescue with yet another government bailout. The South African Post Offices is going into business rescue with yet another government bailout. SAPO has received billions in bailouts over the years without turning a profit. The latest developments mean that thousands of people will lose their […]

sa rand exchange rate

South African Rand strengthened as well as the Dollar fell

By Mercury 12-07-23 15:01

Reuters: The South African Rand strengthened on Tuesday following improved local manufacturing output and a weak dollar spurred by expectations of an end to rate hikes in the U.S. SOUTH AFRICAN RAND STRENGTHENED The rand traded at 18.53 against the dollar at 1443 GMT, up 1.3% on its previous close. Data from Statistics South Africa […]

Whistleblowing techniques for sale

Whistleblowing techniques for sale

By Guest Contributor 11-07-23 18:19

Whistleblowing techniques have been transformed into a valuable product that can be sold and purchased…. writes Godfrey Sigwela. That means the art of whistleblowing has become a sophisticated information technology tool which everyone should learn and understand. Definitely, whistleblowing copies would sell like hot cakes as it seems everyone would like to explore what constitutes the […]

South African rand report

Rand report: Rand volatility amidst global developments

By Sable International 11-07-23 18:08

Last week, the South African rand weakened against 14 of the top 19 currencies we monitor. Another slow week of South African data left the emerging-market currency in the hands of global developments. On Wednesday, market participants remained focused on the Federal Open Market Committee (FOMC) meeting minutes, searching for clues about potential future interest-rate […]

sars tax return mistake

SARS: You can track your tax return status here

By TheSouthAfrican.com 11-07-23 11:00

Following the start of the 2023 tax season last week Friday (7 July 2023), SARS now allows you to track your tax return status online. The innovative new feature forms part of SARS’ Online Query System and is called My Tax Status Dashboard. TRENDING: 2023 Filing is OPEN … here are 8 tips to help with your tax […]

Elon Musk Japan low birth rate

The 10 richest people in the world today – 11 July

By Shyleen Choruma 11-07-23 10:05

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Load shedding elevated to Stage 4

Load shedding elevated to Stage 4

By Fazila Olla 10-07-23 16:59

Eskom has implemented Stage 4 load shedding immediately following increased demand and lowered generation capacity. The higher stage will be implemented until 5 am on Tuesday morning. This will be followed by Stage 2 until 2 pm with Stage 4 implemented thereafter. The pattern will then continue until further notice. “Over the past 24 hours, […]

Johann Rupert richest people in SA

The richest South Africans in the world today – 10 July

By Shyleen Choruma 10-07-23 13:04

Money makes money and these three South Africans have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The figures are updated at the close of every trading day in New York. In terms of the overall world list, South […]

Dollars

Dollar clawed back its losses: Weak China inflation dents Aussie

By Mercury 10-07-23 11:55

Reuters: The dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies. U.S. DOLLAR CLAWED BACK ITS LOSSES Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, […]

Dr Kgosientsho Ramokgopa - Eskom's 10-point plan

South Africa’s generation capacity continues to show improvement

By Fazila Olla 10-07-23 11:07

South Africa’s electricity generation capacity continues to show signs of improvement and stabilisation, says Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa. This follows work done in the past two weeks. The Minister was speaking on Sunday during his weekly media briefing on progress made regarding the implementation of the Energy Action Plan. Outlining the […]

Sterling rose after UK companies lower their bets for price growth

By Mercury 07-07-23 13:03

Reuters: Sterling rose to a two week high against the euro on Thursday, after a survey from the Bank of England showed British companies’ expectations for selling price inflation had cooled. BRITISH POUND STERLING ROSE The BoE’s Decision Maker Panel showed expectations for output price inflation in the coming year fell to 5.3% in the […]

sars tax return mistake

SARS questions: How to check if you have been auto-assessed

By Garrin Lambley 06-07-23 23:00

The 2023 tax season, as confirmed by the South African Revenue Service (SARS), will start on Friday, 7 July at 20:00. This year’s tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. As reported by The South African website, SARS will once again use its popular auto-assessments in 2023 which have proved successful in recent […]

Sasria launches document on July 2021 unrest

Sasria launches document on July 2021 unrest

By Fazila Olla 06-07-23 12:24

Two years since the events of July 2021, the South African Special Risk Insurance Association (Sasria) has launched a documentary titled The Unrest. The much-anticipated documentary tells the pivotal role played by Sasria – a public enterprise non-life insurance company – during and post the July 2021 unrest in KwaZulu-Natal and Gauteng. The documentary premiered […]

dollar stumbles

Dollar was higher on Thursday, yen treads water

By Mercury 06-07-23 12:23

Reuters: The dollar was higher on Thursday, after the release of minutes from the Federal Reserve’s latest policy meeting cemented market expectations for a rate hike this month. U.S. DOLLAR WAS HIGHER In Asia, the yen hovered near the key 145 per dollar level that spurred intervention by Japanese authorities last September, while a faltering […]

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South African rand firmed after China’s chip material export curbs

By Mercury 05-07-23 17:32

Reuters: The South African rand firmed against the dollar on Tuesday in thin trading amid signs China’s decision to impose export measures on some metals used by the semiconductor industry could help the ailing currency. SOUTH AFRICAN RAND FIRMED Trading was relatively subdued due to a U.S. holiday and lack of local economic data points. […]

Rand Report

Rand Report: Rand edges lower in the absence of local catalyst

By Sable International 04-07-23 17:12

The South African and ended up with the short end of the stick again, with the ZAR testing all-time lows against many major currency counterparts. Despite a rather stable week in the forex markets, the ZAR continued along its downward trajectory. South African producer price index (PPI) data came in at 7.3% for the month […]

safe tax avoidance SA

Income tax return: One major mistake to avoid

By TheSouthAfrican.com 04-07-23 13:59

The time to file your annual income tax return is only days away. Individual taxpayers can submit their return from 20h00 on Friday 7 July 2023 until 23 October 2023. While provisional taxpayers have until 24 January 2024 to submit their income tax return. SARS is also in the process of sending out millions of SMSs to taxpayers who […]

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