https://en.sputniknews.africa/20250102/south-african-rand-opens-2025-strong-after-turbulent-2024-1069995748.html
South African Rand Opens 2025 Strong After Turbulent 2024
South African Rand Opens 2025 Strong After Turbulent 2024
Sputnik Africa
The currency, like many emerging market counterparts, experienced significant turbulence in November and December 2024 following the election of Donald Trump... 02.01.2025, Sputnik Africa
2025-01-02T12:21+0100
2025-01-02T12:21+0100
2025-01-02T17:21+0100
sub-saharan africa
economy
politics
donald trump
united states (us)
south africa
southern africa
us dollar
local currency
currency
https://cdn1.img.sputniknews.africa/img/07e9/01/02/1069995576_0:343:2734:1881_1920x0_80_0_0_7af097a3963967757c1bfb16a676432e.jpg
The South African rand began 2025 with a positive showing on Thursday, rebounding from a volatile end to 2024. Trading at 18.7625 against the US dollar at 0803 GMT, the rand showed a 0.6% increase compared to its previous close.Despite the positive opening, Andre Cilliers, a South African currency strategist at TreasuryONE, cautioned in a statement that the short-term outlook for the rand remains negative due to ongoing international factors and the strength of the US dollar.Positive sentiment extended to the South African stock market, with the Top-40 index rising by approximately 1%.The benchmark 2030 government bond also strengthened marginally, with yields falling by 1 basis point to 9.04%.
https://en.sputniknews.africa/20241125/south-african-developer-to-invest-11-billion-in-expanding-its-smart-city-project-ceo-says-1069407361.html
united states (us)
south africa
southern africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
economy, politics, donald trump, united states (us), south africa, southern africa, us dollar, local currency, currency
economy, politics, donald trump, united states (us), south africa, southern africa, us dollar, local currency, currency
South African Rand Opens 2025 Strong After Turbulent 2024
12:21 02.01.2025 (Updated: 17:21 02.01.2025) Muhammad Nooh Osman
Writer/Editor
The currency, like many emerging market counterparts, experienced significant turbulence in November and December 2024 following the election of Donald Trump as US president. Uncertainty surrounding his proposed tariffs and other policies, coupled with a more hawkish stance from the US Federal Reserve, contributed to the volatility.
The South African rand began 2025 with a positive showing on Thursday, rebounding from a
volatile end to 2024. Trading at 18.7625 against the US dollar at 0803 GMT, the rand showed a 0.6% increase compared to its previous close.
Despite the positive opening, Andre Cilliers, a South African currency strategist at TreasuryONE, cautioned in a statement that the
short-term outlook for the rand remains negative due to ongoing international factors and the strength of the US dollar.
Positive sentiment extended to the South African stock market, with the Top-40 index rising by approximately 1%.
The benchmark 2030
government bond also strengthened marginally, with yields falling by 1 basis point to 9.04%.
