17 Jan 2019 SA TO SEE TURBULENT ECONOMIC TIMES IN 2019
SA will likely experience a slight pick-up in economic activity this year, but its economic problems are too deep-seated to allow for meaningful economic reform any time soon. Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions, expects the rand to experience “a bumpy ride” in 2019, likely trading at between R14/$ and R16/$, should SA continue to muddle along with lacklustre growth and insufficient policy reform.
16 Jan 2019 FOUR POSSIBLE SCENARIOS FOR THE RAND IN 2019
The rand volatility continued through 2018 with the US-China trade war, the appointment of Cyril Ramaphosa as president, two new Finance ministers and the emerging market rout taking their toll on the local currency. Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions provides four possible scenarios for the rand in 2019.
11 Dec 2018 RAND UNDER PRESSURE ON BREXIT WORRIES, TRADE WARS AND ESKOM
The rand came under pressure on Tuesday, as global tensions and politicking pushed investors out of riskier environments. UK Prime Minister Theresa May called off a vote on the Brexit deal, admitting that it would have failed by an overwhelming margin. “The tension in the market is palpable following the postponement of today’s Brexit vote, leaving the markets in further disarray as the pound trades to a 20-month low,” said Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions.
10 Dec 2018 RAND CLOSES AT R14.33/$
The rand opened at R14.19/$ on Monday morning. The sell-off in emerging markets is continuing to add pressure to the local currency, pushing it to R14.10/$ during international trading sessions, Bianca Botes of Peregrine Treasury Solutions noted in a market update. "The local unit has been prone to volatility caused by global geopolitical elements and specifically the trade war.
30 Nov 2018 RAND ON COURSE FOR BIGGEST MONTHLY GAIN
The rand is targeting its biggest monthly gain against the dollar in 2018, and also its best November in 30 years, according to Bloomberg. The gain of 8.1% this month is surpassed only by the 9.1% advance in November 1988.
31 Oct 2018 TRADE DEFICIT SENDS RAND INTO TAILSPIN
The rand was flat in early trade on Wednesday with the market keeping a sharp eye on South African trade balance data and US data releases particularly focused on wage growth. Corporate treasury manager at Peregrine Treasury Solutions, Bianca Botes, said the weak labour figures, did little to move the rand as all eyes remained squarely focused on the US-China trade war dynamic.
09 Oct 2018 SA FINANCIAL MARKETS ROCKED BY NENEGATE
The continuing uncertainty over Finance Minister Nhlanhla Nene yesterday rocked the country’s markets with government bonds and the rand taking the biggest hit over his future. Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions says global markets were not likely to view Nene’s exit ina good light as it could threaten the stability of the National Treasury once again.
11 Sep 2018 RAND GAINS LIMITED BY NEGATIVE EMERGING MARKET SENTIMENT
10 Sep 2018 RAND FIRMS IN EARLY TRADE BUT THREATS OF VOLATILITY REMAIN
The rand gained 0.4% against the greenback in early trade on Monday, continuing on from its good showing during the second half of last week. The local currency opened at R15.24/$ and was changing hands at R15.17/$ at 12:09. Last week Wednesday it threatened to break the R16.00/$ in the wake at the announcement by Stats SA that the country was in a technical recession, but firmed on Thursday and Friday on positive account deficit statistics and suggestions its rapid fall may have been overblown.
07 Sep 2018 RAND NOW SEE-SAWS TO GAIN 1.4% AGAINST THE DOLLAR
The rand has been a tough challenge for market watchers to predict this week, at one point threatening to break R16.00/$ with international trade disputes, emerging market weakness, SA’s technical recession, dollar strength and land reform all in the mix.