Peregrine Treasury Solutions

22 Feb 18

Benchmark Bond Pulls Back a Little After Strong Rally


Local government bonds drifted slightly weaker on Thursday afternoon, showing some signs of consolidation following good recent gains. The yield on the benchmark R186 bond has come down significantly over the past two weeks, during which Cyril Ramaphosa was sworn in as the new head of state, replacing Jacob Zuma, who resigned, albeit reluctantly.

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22 Feb 18

Market Cheers Gigaba's Tough, Sensible Budget


The Market yesterday cheered the National Treasury's commitment to fiscal consolidation with the JSE All Share Index adding 749 points to close the day at 58 606.

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22 Feb 18

Rand on the Front Foot and Stocks Join the Party


The rand responded positively to the budget speech delivered by the Finance Minister Malusi Gigaba, including the announcement of a VAT hike from 14% to 15%.

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19 Feb 18

Rand Still Enjoying Ramaphosa Rally


The rand is still enjoying the so-called Ramaphosa rally, but may encounter some near-term weakness ahead of the Budget Speech on Wednesday, according to market analysts.

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15 Feb 18

Rand Climbs Following Zuma Resignation


The rand hovered near two-and-half year highs against the US dollar early on Thursday, boosted by former president Jacob Zuma's late-night resignation after his ruling ANC party recalled him from his post this week.

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