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The latest Economy articles on Moneyweb.

Rand slips against the dollar

5 Oct 2023 /  Tannur Anders, Reuters
In early afternoon trade the rand was at R19.57 to the dollar.

Sarb won’t defend depreciating rand: Kganyago

5 Oct 2023 /  Kopano Gumbi, Reuters
The rand has weakened about 13% against the greenback this year.

Stocks rise, dollar falls as bond selloff abates: Markets wrap

5 Oct 2023 /  Richard Henderson and Chiranjivi Chakraborty, Bloomberg
Spot gold rose 0.3% to $1 826.53 an ounce.

World Bank laments Africa’s lost decade as economic growth slows

5 Oct 2023 /  Alister Bull, Bloomberg
Economic growth in sub-Saharan Africa is forecast to slow to 2.5% this year from 3.6% in 2022, the World Bank said.

Rand seesaws on Wednesday

4 Oct 2023 /  Tannur Anders, Reuters
In early afternoon trade the rand was at R19.28 to the dollar.

Stocks sink as bonds convulse, dollar rally builds: Markets wrap

4 Oct 2023 /  Tassia Sipahutar and Winnie Hsu, Bloomberg
Bitcoin was little changed at $27 393.

Yellen says higher-for-longer scenario is ‘by no means a given’

4 Oct 2023 /  Viktoria Dendrinou and Christopher Condon, Bloomberg
Yellen also said that it’s critical to maintain a 'sustainable fiscal policy.'

Ouch! Brace for another petrol price jump

3 Oct 2023 /  Akhona Matshoba
Unleaded petrol will cost between R1.08 and R1.14 per litre more from Wednesday.

Rouble sinks back to 100 versus dollar in new headache for Russia

3 Oct 2023 /  Bloomberg News
Russia’s currency weakened as much as 0.5% to 100.255 against the greenback, before trading at 99.94 as of 7:22 a.m. in Moscow on Tuesday.

Rand extends losses

3 Oct 2023 /  Tannur Anders, Reuters
The local currency hit R19.22 to the dollar in afternoon trade on Tuesday.

Asia stocks drop with bonds, Aussie holds loss: Markets wrap

3 Oct 2023 /  Tassia Sipahutar, Bloomberg
Spot gold fell 0.4% to $1 821.61 an ounce.

Fed’s Mester says one more rate hike may be needed this year

3 Oct 2023 /  Jonnelle Marte, Bloomberg
'Whether the fed funds rate needs to go higher than its current level and for how long policy needs to remain restrictive will depend on how the economy evolves relative to the outlook,' she said.

Rand slumps after local PMI data

2 Oct 2023 /  Tannur Anders, Reuters
In afternoon trade the rand was at R19.14 to the dollar.

Policy uncertainty eases on better GDP and inflation

2 Oct 2023 /  S'thembile Cele, Bloomberg 
Althogh the country faces a high degree of 'volatility and uncertainty' in its growth dynamics.

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