21 Jun 2019 RAND SLIGHTLY WEAKER IN WAKE OF SONA
South Africa’s rand weakened against the dollar in early trade on Friday, as markets digested President Cyril Ramaphosa’s state of the nation address (SONA) which some analysts said lacked detail on how he plans to fix the ailing economy. “While the tone of the address was upbeat and positive, the country remains in the dark as to what exactly the turnaround plan for the economy will entail,” says Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions.
19 Jun 2019 JSE POISED FOR STRONG GAINS
South African stocks could rally on Wednesday morning as Asian markets surge on renewed optimism about a US-China trade deal and after the European Central Bank (ECB) said more stimulus could be on the horizon. The rand, which posted strong gains on Tuesday, was slightly weaker on Wednesday morning at R14.57/$, R18.29/£, and R16.30/€.
07 Jun 2019 SARB FEUD LEAVES ‘DEEP TEAR’ IN SA’S CREDIBILITY
President Cyril Ramaphosa’s recent reassurance to the country regarding the South African Reserve Bank (SARB) mandate has been met with skepticism by the currency markets. While all emerging markets remain under pressure, the rand is bearing the biggest brunt, mostly driven by local politics, Peregrine Treasury Solutions, corporate treasury manager, Bianca Botes comments.
05 Jun 2019 SA CONTRACTS BY 3.2% IN Q1 GDP DATA
According to Stats SA, the GDP has contracted 3.2 percent in the first three months of the year compared to the previous quarter, the largest quarterly drop in about 10 years. Peregrine Treasury Solutions’ corporate manager Bianca Botes said it was “the biggest decline in GDP since the 2008 financial crises” and that the contraction highlighted the “dire state of the South African economy.”
03 Jun 2019 ELECTION EUPHORIA GONE AS JSE FALLS
JSE on new low after euphoria The JSE all share in May suffered its worst month since October 2018, as fears of deteriorating local and global economic conditions took a toll on risk assets. Pressure on equities and emerging-market currencies, including the rand, is expected to continue.
29 May 2019 RAND HIT BY ‘THE PERFECT STORM’
The rand slumped to a seven-month low on Tuesday (28 May) as an unexpected delay in the appointment of the cabinet stoked concerns that President Cyril Ramaphosa is facing opposition to his reform agenda. According to Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions, the rand has also not been helped by the US-China, US-Iran and Brexit dynamics.
28 May 2019 JSE COULD OPEN HIGHER AS ASIAN STOCKS RECOVER
The JSE could open a little higher on Tuesday as Asian stocks recover slightly amid trade talks between the US and Japan. Corporate Treasury Manager at Peregrine Treasury Solutions Bianca Botes provides commentary on the rand as the trade war remains in focus.
22 May 2019 FIVE IMPORTANT UPDATES IN SA TODAY
South Africa’s rand is treading water as the two-day Monetary Policy Committee (MPC) meeting kicks off on Wednesday, with SA interest rates expected to remain unchanged. Local CPI is widely expected to remain at the 4.5% mark, although continuous fuel price hikes will pose a threat to inflation, said Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions.
17 May 2019 BIANCA BOTES ON FOREIGN DIRECT INVESTMENT IN SA
Corporate Treasury Manager at Peregrine Treasury Solutions Bianca Botes shares her thoughts on foreign investment in South Africa and how we can ensure that we recalibrate the country to create sustainable and inclusive growth.
13 May 2019 RAND FALLS AS US-CHINA TRADE WAR HEATS UP
South Africa‘s rand weakened in early trade on Monday, giving up some of the election inspired gains, with risk aversion driving currency markets after the latest escalation in the trade war between the United States and China. The world’s two biggest economies appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.