News

19 Jul 2019 RAND RALLIES AFTER CENTRAL BANK CUTS RATES +

The rand edged higher against the dollar in early Friday trade and bond yields fell after the central bank cut its main lending rate by 25 basis points on Thursday in a widely expected move to counter floundering economic growth. The South African Reserve Bank (Sarb) cut rates by 25 basis points to 6.5% in a unanimous decision, its first easing since March 2018, although it struck a cautious tone suggesting future reductions to borrowing costs were not a foregone conclusion despite benign inflation.

EYEWITNESS NEWS

INVESTING.COM

MONEYWEB

11 Jul 2019 RAND STRENGTHENS ON FED’S CHAIR REMARKS +

The Rand firmed on Wednesday as the dollar weakened after U.S. Federal Reserve Chairman Jerome Powell highlighted risks to the U.S. economy in remarks that could bolster expectations of an interest rate cut later this month. The rand was also boosted by news that President Cyril Ramaphosa has re-appointed South African Reserve Bank Governor Lesetja Kganyago for another five-year term.

FIN24

SACOMMERCIALPROP NEWS

01 Jul 2019 THE RAND DIPS JUST BELOW THE R14.10/$ MARK +

The rand managed to dip just below the R14.10/$ mark as the United States and China committed to reignite trade negotiations once again at the G20 on Saturday according to Bianca Botes, Treasury Partner at Peregrine Treasury Solutions.

IOL

MSN

CHAI FM

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.

SA PEOPLE

EYE WITNESS NEWS

BUSINESS DAY LIVE

FIN24

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/€.

BUSINESS DAY LIVE

HERALD LIVE

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.

ENGINEERING NEWS

POLITY

SA BREAKING NEWS

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.”

AFRICAN REPORTER

SANDTON CHRONICLE

CITY BUZZ

MONEYWEB

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.

BUSINESS DAY

BUSINESS DAY LIVE

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.

BUSINESSTECH

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.

BUSINESS DAY LIVE

Item 1

Subscribe to our cutting edge analysis and industry insights.

Contact