News

28 May 2020 GLOBAL FACTORS CONTINUE TO IMPACT THE LOCAL CURRENCY +

Peregrine Treasury Solutions executive director Bianca Botes on SA FM and Moneyweb, discussing the global factors impacting emerging market currencies and what South Africa needs to do to improve its economic metrics.

15 May 2020 JSE COULD BOUNCE BACK AFTER SELL-OFF +

The JSE could bounce back a little on Friday if it takes its lead from firmer Asian markets, with the local bourse falling more than 2% on Thursday. “A glimmer of hope comes from Chinese industrial production which rose 3.9% in April, signifying an economy that’s getting back on its feet while Chinese retail sales remained negative, but having comfortably improved from the first quarter,” says Peregrine Treasury Solutions executive director Bianca Botes.

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04 May 2020 RAND LOSES MOST OF RECENT GAINS +

The rand lost most of its recent gains as a result of last week’s rebalance of the World Government Bond Index (WGBI) comments Peregrine Treasury Solutions executive director Bianca Botes. The recent resumption of tension between the US and China, which seems to be intensifying, is adding pressure to the fragile risk appetite, causing additional market jitters.

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30 Apr 2020 RAND HOLDS FIRMER ON IMPROVED RISK APPETITE +

The JSE may benefit from optimism on global markets, amid promises of continued stimulus from the US Federal Reserve and hopes regarding a viable Covid-19 treatment. The rand rallied more than 2% overnight, with the Fed saying extraordinary policy measures will remain until the US economy is in recovery mode.

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14 Apr 2020 INTEREST RATE CUT +

The rand reacts to surprise SARB decision to cut interest rates to 4.25%.

02 Apr 2020 Meet Peregrine Treasury Solutions’ new directors +

Peregrine Treasury Solutions is delighted to announce that Bianca Botes, Paul Coetzee and Paul Muller have each been appointed to the position of Executive Director, effective from 01 April 2020.

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01 Apr 2020 RAND VOLATILITY +

Bianca Botes on the drivers behind the rand’s recent volatility, and our outlook for the local currency in the days ahead.

27 Feb 2020 RAND GAINS GROUND AGAINST THE DOLLAR AFTER BUDGET SPEECH +

The recent National Budget Speech saw Tito Mboweni announce there would be no major tax increases. As a result of the speech the rand gained 0.5% at the mention of tax cuts to the tune of R14bn, and analysts said it was “a massive surprise as the market expected hikes”. However Treasury Partner at Peregrine Treasury Solutions Bianca Botes said: “Reality set in and this knee-jerk reaction was offset as the speech continued and the currency was trading back at R15.18/$, bringing the gain to only 0.2% for the day.”

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24 Feb 2020 RAND, STOCKS TUMBLE AS CORONA VIRUS ADDS TO BUDGET WORRIES +

South Africa’s rand tumbled more than 1% while stocks plunged to a two-month low as a sharp rise coronavirus cases overseas combined with concerns about the upcoming budget speech knocked down local assets. Peregrine Treasury Solutions’ Treasury Partner, Bianca Botes, says the toll on global growth of the virus outbreak was likely to be larger than initial forecasts, pushing investors out of emerging markets even as they were still on the hunt for yields.

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21 Feb 2020 RAND TAKES A HIT AS BUDGET SPEECH AWAITS +

The rand surrendered a percent against the US dollar in trade on 20 February, as numerous Fed testimonials confirmed that the central bank will not be looking to cut interest rates in 2020 even in light of weakened earnings brought on by the Covid-19 Virus, with the US economy remaining resilient. The dollar index continued its rally, as the greenback remains one of the top performing currencies for the year, placing pressure on the rand as budget jitters start to build, said Bianca Botes, Treasury Partner at Peregrine Treasury Solutions.

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