Peregrine Treasury Solutions

19 Dec 17

Business, Markets, Rand React Positively


Bianca Botes at Peregrine Treasury Solutions said the new ANC president will revitalise positive sentiment towards the ANC and SA.

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19 Dec 17

Rand Rallies Over 4% as Ramaphosa Takes ANC Top Job in Close Contest


Bianca Botes of Peregrine Treasury Solutions pointed out that, heading into the election announcement, the rand briefly slipped below R12.60/dollar, touching on R12.58/dollar and then moving back to R12.60/dollar immediately following the announcement of David Mabuza as ANC deputy president.

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10 Dec 17

Market Uncertainties, Driven by Steinhoff, Creates Explosive 2017 End


IN financial markets there are always lessons to be learnt, and this week’s lesson is that a “safe bet” is not always so safe. Those following the equities markets have probably heard the ins and outs of the Steinhoff debacle by now, or at least the “available ins and outs”, as there has been very little clarity on exactly what the mistakes are that former CEO Markus Jooste admitted to in his very cryptic letter to colleagues.

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05 Dec 17

Ramaphosa Lead, Surprise GDP Data Boost Rand


The general expectation was for GDP growth to come in at 1.7%, so 2% growth is a welcome surprise for the struggling South African economy," said Bianca Botes, Corporate Treasury Management of Peregrine Treasury Solutions. She said the stronger rand is currently also a function of our trading account surplus, stronger economic growth and positive expectations toward the ANC elective conference.

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05 Dec 17

Rand Joy at GDP Stats


The rand rallied to a new high this afternoon as the GDP figures made their way to market. The general expectation was for GDP growth to come in at 1.7%, so 2% growth is a welcome surprise for the struggling South African economy.

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