Tag Archives: Rand

South Africa’s Trade Surplus Shrinks as Rand Pressure Builds and USD/ZAR Bets Rise

South Africa’s trade surplus shrank in April, pressuring the rand amid export bottlenecks and weaker commodities.

South Africa’s Reserve Bank Holds Rates at 7% as Inflation Persists and Growth Falters

SARB held benchmark rate at 7%, balancing stubborn inflation, weak growth, and external risks; rand volatility expected ease.

BNY Sees SARB Leading Emerging Market Tightening Cycle as Repo Rate Heads Back to 7.0%

BNY expects SARB to lead emerging-market tightening, hiking repo to 7% to defend rand, stabilize bonds.