Russell Lamberti

Rand Falls to 4-Year Low as Inflation Adds to Growth Woes

The rand fell to the weakest level in almost four years as accelerating inflation added to concern about slowing growth amid labor protests and civil unrest in Africa’s biggest economy.

South African Economic Growth Slows to 3.2% as Strikes Hit Mining Exports

South African economic growth slowed to an annualized 3.2 percent in the second quarter as mining exports slumped, offsetting higher spending during the soccer World Cup that lured thousands of visitors to the country.

South African Investor Confidence Advances to Highest Level in Three Years

Investor confidence in South Africa rose to a three-year high in the first quarter, according to an index that tracks where investors are moving their money.

South Africa Investor Confidence at Highest in 3 Quarters, ETM Index Shows

Investor confidence in South Africa rose to the highest since the first quarter of 2010 in the three months through December, according to an index that tracks where investors are moving their money.

South African Credit Gains for First Time in Eight Months on Lower Rates

South African credit increased for the first time in eight months in May as lower interest rates spurred consumer spending, strengthening the economy’s recovery.

Rand Rallies to the Strongest in Four Months, Breaches Key Technical Level

The rand rallied to the strongest level in an almost four months, surpassing a key technical point, after European policy makers left interest rates at record lows, spurring demand for higher-yielding assets.

Rand Declines to Below 8 per Dollar for First Time in Six Months on Europe

South Africa’s rand slumped to a six- month low, weakening past 8 per dollar for the first time since November, as concern Europe’s debt crisis will threaten the global recovery prompted investors to dump riskier assets.

South African Investor Confidence Falls in Second Quarter, Maxim-ETM Says

Investor confidence in South Africa fell to its lowest since the second quarter of 2010 in the three months through June, according to an index that tracks where investors are moving their money.

Rand Falls to Almost One-Week Low as European Budget Cuts Threaten Growth

The rand slid to an almost one-week low on concern the European Union’s fiscal austerity measures will curb growth in the 16-member bloc, which accounts for almost a third of South Africa’s exports.

Investor Confidence in South Africa Falls on Global Debt Crisis, ETM Says

Investor confidence in South Africa fell in the second quarter as the European sovereign debt crisis weighed on sentiment and contributed to increased risk aversion, according to an index that tracks where investors are moving their money.

"It's very possible that we are seeing some early exporter interest this morning."

- Russell Lamberti on Mar 06, 2012

South Africa

Africa

Reserve Bank

Kobe Bryant Sued Over Bid to Block Mom’s Memorabilia Sale

Tesla Amends Model S Finance Plan to Address Criticisms

NRA Celebrates Gun Control Defeat, Senators Face Backlash

Payrolls in U.S. Rise 165,000 as Unemployment Rate Drops

U.S. Stocks Climb to Record as Jobs Growth Tops Forecasts