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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: 17:34

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 (6th Apr 2009): Rand strengthens in wait for Zuma decision

News-Archive


Rand strengthens in wait for Zuma decision - 6th Apr 2009

The National Prosecuting Authority was expected to announce on Monday morning whether it would proceed with corruption charges against Jacob Zuma, the country's likely next president.

Acting NPA head Mokotedi Mpshe was scheduled to hold a press conference in Pretoria after weeks of speculation, reported to be driven in part by Zuma's allies, that he would scrap the prosecution of the ANC leader eight years into the case, and two weeks before the elections.

Much of the speculation has centred on secret tape-recordings allegedly revealing that former president Thabo Mbeki conspired with the NPA to put his political rival in the dock for corruption linked to the arms deal.

International and local investors wait in anticipation and the financial markets show a jittery Rand, that tested the 9 Rand mark to the dollar this morning and saw the Euro at R 12.15.
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