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(27.8.04) The rand was firmer against major currencies in late-afternoon trade yesterday due to profit-taking by offshore players.
Nico Kelder, economist at the Efficient Group, reports that Local equity markets closed higher yesterday, gaining 0.43%, despite the currency strength - around 1 percent against al the majors.
(26.8.04) The All Share dipped 0.7% after gaining 10 percent over eight sessions and hitting a five-and-a-half month peak on Monday. The currency gained against all the majors.
(24.8.04) The segment that has recently lagged inflation (after-tax returns from the money-market funds) still dominates.
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