News Flash
A week of turmoil in South Africa, the Public Protector recommended that the government changes the South African Reserve Bank’s constitutional mandate. Markets tumbled and the rand lost +-1.6% against the dollar.
News Flash – 13 June 2017
Qatar’s neighbours commissioned sanctions against the country, Comey stood up to US President Donald Trump, and Moody’s downgraded South Africa’s credit rating a notch – it’s been another busy week at home and abroad. Global News Qatar has been isolated by land, sea and air in a coordinated diplomatic move taken by other countries in…
News Flash – 6 June 2017
This has been a week of shocking events: terrorist attacks in London, US President Donald Trump’s decision to pull out of the Paris Climate Change Accord, and an email leak in South Africa that has surfaced new information about the Gupta family’s dubious relationships with state enterprises and with key politicians. Read further for more…
News Flash – 30 May 2017
South Africa was rocked this week by leaked emails providing further evidence of the Gupta family’s influence over President Jacob Zuma and his family, key cabinet ministers and the boards of state-owned enterprises. Even so, President Zuma survived yet another attempt to remove him from his position at an ANC NEC meeting last weekend. Global…
News Flash – 23 May 2017
The deadliest terrorist attack in the UK since the 2005 London bombings took place yesterday at an Ariana Grande concert – 22 people have died and 59 have been reported as wounded.
News Flash – 17 May 2017
Markets this week are dominated by the scandals currently rocking US President Donald Trump —including the firing of FBI Director Comey and allegations that he leaked highly classified information to the Russians. President Trump’s unpredictable behaviour and low approval rating mean that he’ll be the major market mover for some time to come. Global News…
News Flash – US dollar Strengthens, Emerging Markets at Risk
The rand has held up well in recent months, despite political volatility and the downgrade of South Africa’s sovereign credit rating by two rating agencies. This has prompted new finance minister, Malusi Gigaba, to say that Jacob Zuma’s reshuffle of his cabinet has not had much impact on the rand or South African markets. However,…
Junk Status – Dynasty News Flash – 11 April 2017
S&P and Fitch downgraded South Africa’s credit rating this week to ‘junk status’, both citing President Zuma’s cabinet reshuffle for their unscheduled decision. The rand is now the world’s worst performing emerging market currency, after being the best performer in the first few months of the year. Global News Over the past ten days, the…
Cabinet Reshuffle – News Flash – 4 April 2017
We said that last week was politically charged; this week was even more so. On Thursday, President Zuma reshuffled his cabinet without consulting the ANC’s Top 6, in turn causing upheaval on the markets and in the political landscape. S&P has downgraded South Africa’s sovereign credit rating, the rand has tumbled, and the ANC may…