|Day's Range||14.747 - 14.833|
|52 Week Range||13.2228 - 15.4793|
eToroX, the cryptocurrency exchange of social investing platform eToro, has launched five more native stablecoins. These are - eToroX Turkish lira (TRYX), Polish zloty (PLNX), South African rand (ZARX), Hong Kong dollar (HKDX), and Singapore dollar (SGDX), according to an announcement Tuesday.The post eToro’s crypto exchange adds 5 more native stablecoins, including South African rand appeared first on The Block.
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The South African rand rose in thin Asian trading on Monday as investors were seemingly relieved that Moody's had only downgraded the ratings outlook for the country's debt and did not cut it to junk as some had feared. The U.S. dollar was quoted down 1.2% on Reuters dealing at 14.8650 rand, paring some of the sharp gains it made last week. Moody's on Friday revised its outlook on South Africa's 'Baa3' rating to negative, citing a deterioration in the economic growth outlook and rising debt.
Moody's Investors Service ("Moody's") has today changed the outlook on the Government of South Africa's ratings to negative from stable and affirmed the Baa3 long-term foreign-currency and local-currency issuer ratings. Moody's also affirmed South Africa's Baa3 long-term foreign-currency and local-currency senior unsecured debt ratings, its (P)Baa3 senior unsecured medium-term note (MTN) and Shelf foreign-currency ratings, as well as its (P)P-3 short-term foreign-currency Other Short Term rating.
Florian Hofbauer became the CEO of Renk Aktiengesellschaft (FRA:ZAR) in 2007. First, this article will compare CEO...
South Africa saw larger foreign direct investment (FDI) inflows in the second quarter than the first quarter as domestic firms received debt and equity funding from foreign parent companies, central bank data showed on Wednesday. Africa's most industrialised economy had FDI inflows of 26.3 billion rand ($1.76 billion) in the second quarter from inflows of 11.7 billion rand in the first three months of the year, the South African Reserve Bank (SARB) said in its Quarterly Bulletin. The country registered portfolio investment inflows of 10 billion rand from April to June from inflows of 29.2 billion rand in the prior quarter, the SARB said.
This publication is for information only, and does not announce a rating action. Moody's Investors Service ("Moody's") reviews all of its ratings periodically in accordance with regulations -- either annually or, in the case of governments and certain EU-based supranational organisations, semi-annually. Moody's conducts these periodic reviews through portfolio reviews in which Moody's reassesses the appropriateness of each outstanding rating in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Renk Aktiengesellschaft (FRA:ZAR) is a stock with outstanding fundamental characteristics. When we build an investment...
Investing.com - The dollar surged against higher-yielding currencies on Monday as a plummeting Argentinian peso sent shockwaves through emerging markets.
Is Renk Aktiengesellschaft (FRA:ZAR) a good dividend stock? How can we tell? Dividend paying companies with growing...
South Africa's struggling state power firm Eskom said on Tuesday that it expected to make a loss of around 20 billion rand ($1.41 billion) in the 2019/20 financial year, a similar loss to the previous year. Eskom added in a presentation accompanying its 2018/19 financial results that it forecast negative cashflow of 5 billion rand in 2019/20, despite large bailouts from the government.
Investing.com -- The U.S. dollar was consolidating at lower levels Friday morning in Europe and was on track to end the week roughly where it started, after a speech from New York Federal Reserve President John Williams revived hopes of a large interest rate cut at the Fed’s next policy meeting.
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South Africa's foreign direct investment swung to inflows in the first quarter from outflows in the final quarter of last year as domestic private firms received equity and debt funding from foreign parent companies, the central bank said on Thursday. Foreign direct investment inflows totalled 11.7 billion rand ($825.85 million) in the first three months of 2019 from outflows of 8.2 billion rand in the previous quarter, the South African Reserve Bank (SARB) said in its Quarterly Bulletin. The country registered portfolio investment inflows of 29.2 billion rand from January to March from outflows of 33.9 billion rand in the prior quarter as foreigners acquisition of domestic debt securities exceeded net sales of local equities, the SARB said.
South Africa's rand inched firmer late on Thursday following a rally to a five-week best after the U.S. Federal Reserve signalled possible interest rate cuts later this year. Investors paused the rand buying spree and booked some profits ahead of President Cyril Ramaphosa's State of the Nation address at 1700 GMT, with the rand seen moving in either direction depending on the tone struck by Ramaphosa. At 1530 GMT the rand was 0.1% firmer at 14.3000 per dollar, dipping back from a session-best 14.2000 hit earlier in the session, its firmest level since May 16.
Measuring Renk Aktiengesellschaft's (FRA:ZAR) track record of past performance is a useful exercise for investors. It...
A South African rand volatility gauge touched a near two-month high on Wednesday, as the currency remained under pressure from dire economic data and a fierce debate over the central bank's mandate. The rand is also reeling from news that South Africa's ruling party is arguing over whether to change the central bank's mandate to include employment and growth as well as inflation.