Eskom trouble for some time...
...but this week things have really taken a turn for the worse, sending the power utility into crisis mode.
From being close to keeping up with demand
The Rand continues to blow past expectations, moving ever stronger against the Dollar.
The turnaround neared R6 stronger from where we were in April last year, when there was that blowout
Once again, the Rand has defied expectations...
What could cause the local unit to strengthen to 27 month record levels against the Dollar?
The economists scrambled for ideas, explanations and ideas as
Another week, another 5 days of indecision as the Rand slowly edged stronger.
Back under R14/$ is good news for importers and investors (not so good for exporters!), but although it
There always seems to be over-confidence and complacency, particularly in markets & economics, before disaster strikes.
... a relaxed care-free atmosphere, as if there is no danger at all.
And then suddenly
Another week, another Rand turnaround...
Such has been the stability of the local unit been over the last 3-4 weeks, we have seen it trapped in a mere 40c range.
This is
A quiet week in the markets has passed us by, as we continue to wait on a bigger Rand breakout...
It was still a week of plenty action, as we continued
A quiet week in the markets has passed us by, as we continue to wait on a bigger Rand breakout...
It was still a week of plenty action, as we continued
So onward the Rand train runs!
The Dollar's decline from last week has continued and the Rand has really taken advantage of it, strengthening to pre-pandemic levels.
The irrationality of markets is
And the Rand rollercoaster continues...
Just as the market thought the Rand was trending stronger, everything turned on its head again.
This time it was right from the start of the week,
Another week passes by, and another week of Rand wins at the same time.
It was another one dominated by global news, as the US stimulus and economic outlook were the
Well, well… who would have said?
The Rand never ceases to amaze, as it once again turned the tables on the Dollar.
Crazy...but that is how it goes.
Yet every time this happens,
The Rand was in need of good news to start the week, and good news it got with big announcements from Ramaphosa on lockdown.
However, it wasn't enough to stop the
This last week was the final trial of February for the Rand, after getting through the State of the Nation address relatively unscathed.
Now it was turn of the Budget for
The year has certainly continued where 2020 left off, as we see markets continue to whip to and fro.
Is the new normal here to stay?
That is certainly the question on
Once again, the Rand has turned the tables on the Dollar, as we saw a massive push back below R15...
The ZAR never ceases to amaze, as in amongst the local
Another interesting week passes us by as markets waited in anticipation of how the new year was going to play out.
After every prediction for 2020 being completely smashed, many are
Volatility continues to abound in the markets - and it shows no signs of slowing down!
It was a strange week for the Rand as it traded sideways - but with
The tables turn again for the Rand, as we head back below R15/$...
...only for the tide to turn again later in the week!
With the volatility of markets today, it is