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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: 17:42

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 (23rd Oct 2008): Rand takes more Pounding

News-Archive


Rand takes more Pounding - 23rd Oct 2008

In the wake of yet another major losses at the Stock Exchanges in New York, Tokyo and Frankfurt the Rand crashed to nearly R 12 for th US$ and near R 19 to the Pound, a six-and-a-half year low. The losses were in line with those of other Emerging Markets as investors dumped high-risk assets over global recession fears.
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