Currency South Africa Latest Information

Currency South Africa Latest Information

South African Foreign Currency Reserves Increase 5.3% to $51.5 Billion
South Africa’s gross gold and foreign currency reserves rose 5.3 percent to $51.5 billion in January from the previous month, the central bank said.

S.Africa moots mining wealth fund to cap rand gains
JOHANNESBURG (Reuters) - South Africa's ruling ANC is considering starting a sovereign wealth fund from proceeds of a proposed new mining tax that could be used to intervene in the market to cap gains in the rand currency in times of a commodity boom. Such a move would be a departure from current policy under which the Reserve Bank does not actively intervene in the market to target a level for ...

South Africa's rand near 3-month highs vs dollar
JOHANNESBURG (Reuters) - South Africa's rand steadied against the dollar on Friday with potential for further gains in the next few days, but the euro zone debt crisis still poses risk for the currency. The rand hit 7.77 on Thursday, its strongest level in nearly three months, supported by U.S. Federal Reserve's signal that interest rate will stay near zero for the next two years. Government ...

S.African bonds weaken, rand steady, eyeing Greece
JOHANNESBURG (Reuters) - South Africa's government bonds fell further on Wednesday while the rand steadied despite reports the government is considering a mining wealth fund that could be used to cap the currency's gains, and as markets awaited news of a new Greek bailout. Bond yields rose for a third day, with the 2015 bond yield rising five basis points to 6.58 percent and that on the 2026 ...

South Africa January Gross Reserves Up $2.6 Billion To $51.5 Billion
South Africa January Gross Reserves Up $2.6 Billion To $51.5 Billion

S.Africa's rand softens, bonds flat
JOHANNESBURG (Reuters) - South Africa's rand was softer against the dollar on Tuesday as concerns over Greece's debt problems put a dampener on global risk appetite and caused emerging market currencies to reverse some of the gains they posted in January. The rand was little moved by data showing the Reserve Bank used a weaker dollar in January to boost its foreign exchange reserves although ...

S.Africa's rand down 1.8 pct vs dlr, likely correcting
JOHANNESBURG (Reuters) - South Africa's rand lost nearly 2 percent against the dollar on Monday, retreating further from last week's 5-month highs as investors used delayed debt talks in Greece to take profits on a currency some said had rallied too quickly. The rand weakened to 7.6540 compared to a close of 7.52 in New York on Friday. Markets were keeping a close eye on a meeting of Greece's ...

Zimbabwe: Country Delegation in South Africa for Mining Indaba
[The Herald] A ZIMBABWEAN delegation is in Cape Town, South Africa, for this year's mining indaba that started yesterday.

South Africa’s Rand-Fueled Gold Earnings Buck Trend in U.S.
South African gold companies are set to report gains in quarterly earnings, benefiting from the largest slump in the rand in three years, as North American peers contend with a decline in prices.

S.Africa's reserves up, helped by international bond
JOHANNESBURG (Reuters) - South Africa's gold and foreign exchange reserves edged higher in January, Reserve Bank data showed on Tuesday, partly boosted by flows from the government's international bond sale, a firmer gold price and a weaker dollar globally during the month. Net gold and foreign exchange reserves, or the international liquidity positive, increased to $49.072 billion in January ...

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