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31 Oct 2019 CAN MBOWENI’S HONESTY WARM RATINGS AGENCIES SENTIMENT +

The spectre of a ratings downgrade of South Africa to junk status by Moody’s Investors Services loomed even larger yesterday, after the markets were left uninspired by Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS). Mboweni’s candid portrait of the economy sent the rand hurtling against the dollar. It breached the key R15 to the dollar mark, sliding a whopping 39c to R15 by 5pm, compared to the same time on Tuesday.

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24 Oct 2019 EXCHANGE CONTROL RISKS WHEN MOVING FUNDS OFFSHORE +

Many South Africans are actively looking to move funds offshore, for reasons that range from travel and investing to importing or exporting new products and launching new businesses. But without observing the correct exchange control procedures, you or your business could quickly land in hot water with the South African Reserve Bank (SARB), warns Peregrine Treasury Solutions Corporate Treasury Manager Bianca Botes.

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08 Oct 2019 RAND FIRMER AS INVESTORS AWAIT MORE US-CHINA TRADE TALKS +

Peregrine Treasury Solutions Corporate Treasury Manager Bianca Botes said the rand could trade at R15/$ or below ‘should risk sentiment improve’. The rand was stronger on Tuesday morning as investors anticipate some progress in the US-China trade war as the two countries begin negotiations on Thursday. Emerging-market currencies were bolstered by hope that the US and China will make headway at their high-level negotiations this week.

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27 Sep 2019 RAND ON TRACK FOR SECOND WEEK OF LOSSES +

The rand looks set for a second consecutive week of losses as global risk-off sentiment pushed emerging-market currencies lower and investors digested talk of impeaching US President Donald Trump. The focus locally is likely to shift towards the ANC’s national executive committee (NEC) meeting, which is due to meet at the weekend. Finance Minister Tito Mboweni’s economic recovery plan is likely to be discussed at the meeting.

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21 Aug 2019 RAND FIRM AHEAD OF FED MINUTES +

South Africa’s rand firmed in early trade on Wednesday, with traders waiting for the minutes of the Federal Reserve’s July meeting for possible clues on further U.S. interest rate cuts, as well as local consumer price inflation data. “The rand is steady this morning as markets prepare for the Fed minutes, which will guide markets as to where the Fed sees interest rates and growth are headed,” says Peregrine Treasury Solutions Corporate Treasury Manager, Bianca Botes.

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16 Aug 2019 RAND SLIGHTLY REBOUNDS AS GLOBAL SENTIMENT PICKS UP +

The rand was firmer on Friday rebounding after a heavy global sell-off week prompted by fears of a global recession and the concerns about the US-China trade war. Peregrine Treasury Solutions Corporate Treasury Manager Bianca Botes said the rand may not recover soon given the uncertainties in the global environment and the continuous sell-off of emerging market assets.

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07 Aug 2019 RAND DROPS TO 11-MONTH LOW +

The rand fell to an 11-month low on Wednesday, rocked by deepening concerns about the outlook for domestic growth against a backdrop of uncertainty for emerging markets more broadly. "With Donald Trump's efforts to put pressure on the Federal Reserve Bank coming into focus... an emerging market selloff has hit the local unit," says Peregrine Treasury Solutions’ Corporate Treasury Manager, Bianca Botes.

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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.

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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.

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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.

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