Ex-fund manager found guilty of fraud for manipulating dollar/rand exchange rate
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
Rand
Sarb governor says ‘naughty local governments’ are driving inflation
South African Reserve Bank Governor Lesetja Kganyago unpacks the risks to inflation and the country’s ability to surmount them.
Why I’ve turned positive on the rand
Most of the bad news seems to be reflected in current market prices.
Does the exchange rate really matter when investing offshore for the longer term?
Many South African investors are obsessed with the exchange rate when making an offshore investment. Here’s why it’s less of a factor than you think.
Thursday briefing: a round-up of recent financial services news
Prosper Funeral Solutions in final liquidation | SA’s small tax base | Which president was worst for the rand?
US charges hedge fund’s CIO with manipulating dollar/rand exchange rate to trigger $20m payment
The United States Attorney’s Office in New York has charged the co-founder and chief investment officer of a UK-based hedge fund with manipulating the US dollar/rand exchange rate to trigger a $20 million […]
Mining shares push JSE higher in February
While most major global markets ended in the red, mining sector stocks drove the FTSE/JSE All Share Index 2.4% higher in February. The Alsi is up 3.2% so far this year. Diversified miners, […]
Regional – Southern Africa – Rand weakness here to stay
The South African rand has nose-dived past the R11/$ mark at a time when newswires are suggesting that a sell off in emerging market assets has only just begun. The rand earned the […]
