Peregrine Treasury Solutions

16 Jan 18

Rand Hits Key Strength Level as Zuma Exit Talk Heats Up


The rand broke through the key support level of R12.25 on Tuesday, briefly touching on R12.20, amid talk that the ANC will this week suggest that president Jacob Zuma step down. This was mostly driven by political noise coupled with the weaker dollar and strong commodity prices, according to Bianca Botes, corporate treasury management at Peregrine Treasury Solutions. “The key however still remains in getting this to translate into GDP growth, stimulating the economy,” she said.

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15 Jan 18

Rand Market Looks to ANC Leadership for Direction


Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions, said it seemed as though the forex market was very wary of mainstream news and the data it chose to respond to in the wake of the “fake news” incident concerning the fate of President Jacob Zuma.

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15 Jan 18

Rand Strengthens as Zuma Exit Talk Gathers Momentum


The rand firmed against the US dollar in the afternoon session on Monday as the US celebrated Martin Luther King Jr. Day, a federal holiday, while locally, eyes continued to be focused on the fate of president Jacob Zuma and the central bank’s interest rate decision later this week.

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15 Jan 18

Rand Shows Strength Ahead of Interest Rate Decision


Cape Town - The rand was hovering around R12.36 to the dollar on Monday due to the US currency being on the back foot across the board owing to strong commodity prices, Bianca Botes of corporate treasury management at Peregrine Treasury Solutions said.

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11 Jan 18

Confused Rand in Balancing Act between Politics and Economics - Expert


Cape Town - The rand seems to be in a state of confusion at the moment, Bianca Botes of corporate treasury management at Peregrine Treasury Solutions said on Thursday. In her view, the rand is currently doing a balancing act between politics and economics.

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