USD/ZAR: Rand remains vulnerable to sentiment – BBH

The Rand is expected to remain vulnerable while economic growth in South Africa is likely to accelerate during 2018 according to analysts at Brown Brother Harriman.  Key Quotes:  “The improving South African economy will be hampered in 2018. Its GDP rose 1.5% y/y in Q4 2017, and i ...

ZAR looks undervalued – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen assessed the prospects for the South African Rand in the upcoming months. Key Quotes “After the recent surge, we think that much of the good news is priced in and hence the rand may trade flat against the USD near term”. “However, w ...

USD/ZAR bounces off lows near 11.50

ZAR in 3-year tops vs. USD. Domestic politics behind the move. C.Ramaphosa elected President. The South African Rand is now giving away some of this week’s strong gains and is driving USD/ZAR to the 11.65 area. USD/ZAR in 3-year lows The par is alternating gains with losses in th ...

USD/ZAR expected to tick lower near term – Danske Bank

In view of Chief Analyst Christin Tuxen at Danske Bank, the South African Rand (ZAR) is seen appreciating in the near term. Key Quotes “Following the developments in South Africa we maintain our projection for USD/ZAR at 13.30 at end-September, despite the failure to remove presiden ...

ZAR: Zuma hangs on, president survives no confidence vote – ING

Chris Turner, Global Head of Strategy at ING Bank explained that the result of today’s No Confidence ballot in the South African parliament was 177 votes in favour of the motion, some 24 votes short of the number required to end Jacob Zuma’s eight-year term as South Africa’ ...

USD/ZAR gains more than 1% even after Zuma survives confidence vote

The USD/ZAR pair gathered momentum and jumped to a fresh session high at 13.4086 after President Zuma survived the no confidence vote in the South African Parliament. As of writing, the pair was trading at 13.3970, up 1.35% on the day. Although this development seems to be a positive developmen ...

USD/ZAR could grind lower near term – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen believes the ZAR could appreciate further in the very near term. Key Quotes “In South Africa, there will be a secret ballot on a motion of no-confidence in president Zuma in the national assembly today (the discussion will start at 2pm). The vot ...

South Africa: No-confidence voting in the President in focus – TDS

Analysts at TDS suggest that South Africa’s lawmakers will debate and vote on a long waited motion of no-confidence in the President and will be a key event for today. Key Quotes “While not being the first of such motions presented by the opposition parties against Zuma, this is th ...