Explore the Category
Dave Mohr, chief investment officer at Citadel, says that the local economy is currently displaying many contradicting trends.
The rand was strong last week, following an announcement by Anglo American that it had sold 20% of Gold Fields to a Russian company for US$1,16 billion, reports the Nedcor Economic Unit.
Local financial markets were relatively steady during the past week, reports the Nedcor Economic Unit.
SA Reserve Bank governor Tito Mboweni announced today that the oversold foreign exchange forward book was finally closed on 18 February 2004, from a high of USD24bn in 1985, 19 years ago.