Risk-sensitive rand hits three-month peak
As slowing US inflation hurts the dollar.
Source: moneyweb.co.za
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Mining sector continues 2022 downturn, but expected to turn positive in the second quarter
The industrial sector continued to be underperform, reflecting the lack of demand and challenges in the country at the moment. The mining sector also continued its decline, while manufacturing remains fragile.
Source: news24.com
SA mining output declines in May while Mantashe punts problematic law
Data on Thursday showed that output in South Africa’s mining sector resumed its decline after a brief bump in April. Meanwhile, Minerals and Energy Minister Gwede Mantashe was punting the Mineral and Petroleum Resources Development Act of 2002 which is seen by many observers as a key reason for...
Source: dailymaverick.co.za
South African Rand strengthened as well as the Dollar fell
The South African rand strengthened following improved local manufacturing output and a weak dollar spurred by rate hike expectations.
Source: thesouthafrican.com
South African rand firms on strong local data, weak dollar
JOHANNESBURG (Reuters) -South Africa's 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.
Source: marketscreener.com