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01.08.25 - 07:54
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Bishop: Low Interest Rates Are Needed in South Africa (Bloomberg)
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President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce. South Africa has been hit with a 30% levy. Meanwhile, the South African Reserve Bank cut interest rates by 25 basis points to 7%. Annabel Bishop, Chief Economist, Investec spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche & Chief Africa Correspondent Jennifer Zabasajja. (Source: Bloomberg)...
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19.12.24 - 16:42
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South African rand falls on hawkish Fed outlook (Reuters EN)
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UPDATE 1-South African rand falls on hawkish Fed outlook Updates prices to reflect afternoon trade JOHANNESBURG, Dec 19 (Reuters) - South Africa's rand slipped on Thursday , a day after the Federal Reserve struck a hawkish tone on interest rate cuts in the coming year. At 1510 GMT , the rand traded at 18. 37 against the dollar ZAR=D3 , about 0.3% weaker than its previous close....
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