marketlatest news & developments
The rand weakened to about R16.40 against the dollar as higher oil prices, weaker gold and expectations of further US interest-rate increases supported the US currency. The market moves could add pressure to fuel prices, borrowing costs and household budgets.
RAND

Rand weakens as oil prices rise and rate-hike fears support dollar

The rand weakened to about R16.40 against the dollar as higher oil prices, weaker gold and expectations of further US interest-rate increases supported the US currency. The…

  • Ashley Lechman
4 min read
Brent crude opened the week above $108 a barrel, while the rand weakened against major currencies as investors awaited US and South African interest-rate decisions. Analysts warned that sustained high oil prices could add to inflationary pressure.
OIL

Oil prices climb to four-month high as rand gives back recent gains

Oil prices are rising as South Africa’s economy contracts. Could inflation force the Reserve Bank to raise rates?

  • Ashley Lechman
3 min read
Brent crude rose above $105 a barrel as attacks on shipping and renewed Middle East hostilities heightened fears of supply disruptions, with possible consequences for South African fuel prices.
CRUDE

Brent crude rises above $105 as Middle East shipping attacks intensify

Brent crude rose above $105 a barrel as attacks on shipping and renewed Middle East hostilities heightened fears of supply disruptions.

  • Ashley Lechman
4 min read
As Brent crude prices rise amidst geopolitical tensions, how will local currencies and commodities respond to the shifting economic landscape? Read on to find out more about market trends and what traders can expect in the coming week.
OIL PRICE

Oil gains while gold falls after strong US jobs data

Brent crude rose above $96 a barrel as US-Iran tensions raised supply concerns, while gold fell after stronger US jobs data reinforced expectations of higher US interest rates.

  • Ashley Lechman
3 min read
With Wall Street reacting strongly to Fed comments on inflation and interest rates, how will global markets fare? Discover the latest financial developments that are reshaping the investment landscape.
MARKET

Wall Street reacts to hawkish Fed comments, markets brace for potential rate hikes

With Wall Street reacting strongly to Fed comments on inflation and interest rates, how will global markets fare? Discover the latest financial developments that are reshaping…

  • Ashley Lechman
2 min read
South African markets ended August on a firmer footing, with the JSE, rand and resource shares advancing. However, rising oil prices and the prospect of higher fuel costs could still weigh on inflation and investor sentiment in September.
MARKETS

Financial markets improved strongly during August

South African markets ended August on a firmer footing, with the JSE, rand and resource shares advancing. However, rising oil prices and the prospect of higher fuel costs could…

  • Chris Harmse
3 min read
The rand strengthened, producer and consumer inflation eased, and the average food basket became cheaper in August. But looming fuel increases and subdued salary growth mean household relief may be limited.
PPI

Sunday Review: Inflation eases and food basket costs fall, but fuel hikes loom

The rand strengthened, inflation eased and the food basket fell in August, but higher fuel costs and weak salary growth may limit household relief.

  • Ashley Lechman
  • Yogashen Pillay
6 min read
In a day characterised by cautious optimism, Wall Street's mixed close reflects the complexities of today’s economic landscape, with Nvidia's strong earnings offer a glimmer of hope amidst the inflation discussions. As traders worldwide digest these developments, all eyes are on how these factors will shape the forthcoming trading sessions.
RAND DOLLAR

Wall Street closes mixed amid Nvidia earnings and inflation observations

In a day characterised by cautious optimism, Wall Street's mixed close reflects the complexities of today’s economic landscape, with Nvidia's strong earnings offer a glimmer of…

  • Ashley Lechman
2 min read
The South African rand opens the week strong at R16.01 against the weakening US dollar, buoyed by rising gold prices and upcoming economic reports that could shape market trends.
RAND

South African rand maintains strength against the US dollar

The South African rand opens the week strong at R16.01 against the weakening US dollar, buoyed by rising gold prices and upcoming economic reports that could shape market trends.

  • Ashley Lechman
4 min read
South Africa’s Presidential Envoy on Agriculture and Land met with the key stakeholders in the National Fresh Produce Markets environment on Thursday with concern about conditions of certain fresh produce markets and a lack of maintenance
FRESHFRUIT

R1bn lost as South Africa’s fresh produce markets deteriorate

Ageing infrastructure and poor maintenance are putting farmers, traders and food security under growing pressure.

  • Yogashen Pillay
4 min read
Discover how South Africa's inflation rate drop and the renewal of the AGOA are reshaping the financial landscape and impacting key markets.
AGOA

Lower inflation and AGOA boost financial markets

Discover how South Africa's inflation rate drop and the renewal of the AGOA are reshaping the financial landscape and impacting key markets.

  • Chris Harmse
3 min read
As gold prices surge and the US dollar weakens, the South African rand holds steady, trading at R16.24 to the dollar. Experts weigh in on the factors influencing this stability, including geopolitical tensions and economic indicators.
RAND DOLLAR

South African rand remains stable as gold prices rise and US dollar weakens

Discover how geopolitical tensions and economic indicators are influencing the South African rand's surprising stability amidst rising gold prices and a weakening US dollar.

  • Ashley Lechman
2 min read