13 Feb 2019 RAND FIRMS AS TRADE-TALK PROGRESS BOOSTS RISK ASSETS
The rand firmed against the dollar in early session on Wednesday, supported by rising risk appetite globally on increasing hopes of a breakthrough in US-China trade talks. “The dollar is finally taking a breather after continuously edging higher against all currencies over the past week, after President Trump alluded to a potential extension of the deadline for a trade agreement with China,” said Peregrine Treasury Solutions’ corporate treasury manager Bianca Botes.
25 Jan 2019 RAND FIRMS AS RISK-TAKING OFFERS SUPPORT
The rand firmed against the dollar in early trade on Friday, supported by improved risk-taking and as concerns about a prolonged US government shutdown at a time when global growth is already slowing weigh on the greenback. “We expect the rand to steadily make its way back to the R13.60 level as the dollar remains subdued,” Peregrine Treasury Solutions’ Corporate Treasury Manager, Bianca Botes comments.
21 Jan 2019 SOUTH AFRICA LOOKING FOR BAILOUT FOR ZIMBABWE
After more than a week of violence, South Africa is now planning to offer economic help to Zimbabwe. According to Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions, while the violent protests taking place in Zimbabwe is not affecting the local currency market, South Africa will likely be affected over time.
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.