The Rand slumped Wednesday after Finance Minister Tito Mboweni shocked the market with a mid-year budget update that showed South Africa's deficit rising sharply this year, which is set to fuel a meteoric rise in the national debt over coming years, just days ahead of Moody's next credit rating review.

October 30,2019

The Rand slumped Tuesday as investors expressed disappointment with the government's latest plan for turning around the ailing power utility Eskom, which has arguably been seen as too little, too late by a market that's uneasy ahead of Wednesday's budget and Friday's rating decision from Moody's.

October 29,2019

GBP/ZAR attempting to pierce below trendline and a break lower could lead to bearish extension.

October 28,2019

The Rand made solid gains this week but is being tippedas a sell by at least one major bank ahead of the October 29 budget, while local analysts are warning of volatility heading into the November 01 Moody's rating decision.

October 25,2019

Analysts at Nordea Markets have warned the South African Rand appears to be overvalued and is increasingly at risk of a turn lower.

October 24,2019

Studies of the charts show the pair trading in a sideways range at the level of a key trendline, with an overall upside bias.

October 22,2019

The Rand entered the new week on its front foot Monday amid a global rally in so-called risk assets connected to the ebbing of 'no deal' Brexit risks, which could offer more support in the days ahead although the outlook for the South African currency is still hinged heavily on domestic factors. 

October 21,2019

The Rand caught a breather Thursday as the Dollar crumbled in response market bets the Federal Reserve (Fed) will soon step up the pace of its interest rate cuts, although analysts are divided in their outlooks for the South African currency, with some tipping it for gains in the short-term while others eye losses before year-end.

October 18,2019