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The rand was strong last week, following confirmation of news that a foreign bank was considering buying a stake in a local bank.
The Nedcor Economic Unit reports that the rand extended its gains against the US dollar, closing firmer at R6,60 from the previous week’s close of R6,66.
I have never been a great fan of the beautiful game (football) myself, preferring to engage my pupils on oval objects that require thirty sturdier gentlemen, says Adrian Clayton at PSG Fund Managers.
Review of 23 to 27 August and preview of 30 August to 3 September.
The strongest deterrent against FSP compliance missteps is or should be: