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LATEST Economy  

Consumer criminalisation could encourage a culture of tax avoidance

7 Jul 2020 /  Adriaan Kruger   27
Government seems oblivious to the dangers of letting the genie out of the bottle with its continued sales ban on tobacco products.

Rand up as risk appetite revives, stocks rise

6 Jul 2020 /  Olivia Kumwenda-Mtambo, Reuters  
The JSE closed higher than in the last nine trading sessions due to the China-led optimism.

Rand opens stronger after positive data

3 Jul 2020 /  Alexander Winning, Reuters  
At 0650 GMT, the rand traded at R16.93 versus the dollar.

Construction activity slumps to record low – Afrimat

3 Jul 2020 /  Roy Cokayne   5
Q1 figures alarming, but sector expected to 'rocket' in Q3.

Rand firmer as current account surplus adds to global risk boost

2 Jul 2020 /  Mfuneko Toyana, Reuters  
At 1545 GMT the rand was 0.57% firmer at R16.96 per dollar.

SA’s current account balance swings to a surplus in Q1

2 Jul 2020 /  Olivia Kumwenda-Mtambo, Reuters   1
The surplus was the first since the first quarter of 2003.

Rand firms against dollar before current account data

2 Jul 2020 /  Alexander Winning, Reuters  
At 0704 GMT, the rand traded at R17.00 versus the dollar, around 0.3% stronger than its previous close.

Rand firms as dollar slips, stocks retreat

1 Jul 2020 /  Mfuneko Toyana and Tumelo Modiba, Reuters  
Bond prices firmed, with the yield on the benchmark 2030 issue down 3.5 basis points at 9.235%. 

South Africa’s economy probably shrank by a third in pandemic

1 Jul 2020 /  Prinesha Naidoo and Monique Vanek, Bloomberg   2
That would be the deepest quarterly decline since at least 1990.

Rand edges firmer in tentative trade

1 Jul 2020 /  Mfuneko Toyana, Reuters  
Bonds were also firmer, with the yield on the benchmark 2030 issue down 2.5 basis points to 9.245%. 

Rand dips after GDP data, stocks up

30 Jun 2020 /  Olivia Kumwenda-Mtambo, Reuters   2
Bonds weakened, with the yield on the benchmark government issue due in 2030 up 9.5 basis points to 9.265%. 

Recession deepens in first quarter

30 Jun 2020 /  Mfuneko Toyana, Reuters  
Compared to the same period a year ago, GDP shrank 0.1% in the first quarter after a 0.5% decline in Q4 2019.

IMF says South Africa loan talks occurring at measured pace

29 Jun 2020 /  Prinesha Naidoo, Bloomberg   1
The $4.2 billion loan is the country’s maximum entitlement under its special drawing rights with the lender.

Rand steadies, coronavirus concerns remain

29 Jun 2020 /  Olivia Kumwenda-Mtambo and Promit Mukherjee, Reuters  
'Investors are looking to safe-haven assets once more as talk of a double dip in the US economy is doing the rounds.'

What to watch in commodities: winners and losers in second half

29 Jun 2020 /  Grant Smith, Ranjeetha Pakiam and Yvonne Yue Li, Bloomberg  
The mixed picture that emerges suggests being selective is key.

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