FANews
FANews
RELATED CATEGORIES
Category Economy
SUB CATEGORIES Budget 2017 |  Budget 2018 |  Budget 2019 |  Budget 2020 |  Budget 2021 |  Budget 2022 |  Budget 2023 |  Budget 2024 |  General | 

Rand joy at GDP stats

05 December 2017 Bianca Botes,Peregrine Treasury Solutions
Bianca Botes, Corporate Treasury Management at Peregrine Treasury Solutions.

Bianca Botes, Corporate Treasury Management at Peregrine Treasury Solutions.

The rand rallied to a new high this afternoon as the GDP figures made their way to market. The general expectation was for GDP growth to come in at 1.7%, so 2% growth is a welcome surprise for the struggling South African economy. The rand strengthened to R13.45, but slipped back slightly to R13.50. The stronger rand is currently a function of our trading account surplus, stronger economic growth and positive expectations toward the ANC NEC election conference.

Comment on this post

Name*
Email Address*
Comment
Security Check *
   
Quick Polls

QUESTION

How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?

ANSWER

Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now