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News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

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Exchange Rates

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Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 17:57

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 14 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 19 °C / 66 °F
Wind: VRB / 3 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (22nd Oct 2008): Rand after Recovery again in free Fall

News-Archive


Rand after Recovery again in free Fall - 22nd Oct 2008

Though the Rand had step by step recovered from last weeks crash on international stock exchanges the currency is again in free fall and reached R 17.95 against the British Poun and R 10.88 against the US Dollar. Despite a good Mid-Term-Budget presented on Tuesday with an projected economic growth of 3.9% the continious fear of a recession had the world markets tumbling and investors fleed from weaker currencies into the Dollar. The US Dollar reached a new high level against the Euro of 1.27.
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