CrowdStrike disruption: Clients' personal data secure, Capitec reports

[Katja Hamilton] CrowdStrike reports many affected devices are back online after its update caused a major IT outage. Capitec Bank and other global businesses were disrupted, but services have been restored...

Biden's withdrawal fuels market uncertainty, bolstering dollar as safe haven

[Andre Cilliers] Biden's withdrawal from the Presidential race introduces uncertainty and risk aversion, expected to support the Dollar as a safe haven asset...

Trump accepts Republican nomination, dollar gains capped by rate cut bets

[Andre Cilliers] Donald Trump accepted the GOP nomination, boosting the Dollar but capping gains due to rate cut bets...

The MPC has held the repo rate steady - now what?

[Katja Hamilton] South Africans' hopes were shattered as the MPC kept the repo rate at 8.25% and the prime lending rate at 11.75%. The decision, influenced by four members favoring an unchanged stance and two preferring a 25 basis point cut, has resulted in significant property market value erosion.

South African Reserve Bank faces R1bn loss on African Bank Holdings

[Katja Hamilton] The Sarb incurred a nearly R1bn loss on its African Bank Holdings investment, necessitating intervention and equity restructuring...

Trump assassination attempt and weak Chinese growth data boost the dollar

[Andre Cilliers] Safe-haven demand and weaker Chinese GDP boost the dollar, reversing losses. Trump still expected at the Republican convention...

Shooting may boost Trump’s chances in the US presidential race, say investors

[Katja Hamilton] Markets are poised to react strongly to the assassination attempt on Donald Trump, betting on his increased chances of winning the White House. The incident has left his supporters in shock...

Some GNU scepticism and weaker EMs weigh on rand

[Andre Cilliers] The Rand weakened to R18.39 due to 'buy the rumour, sell the fact'. A firmer Dollar and softer EM currencies contributed...

New GNU cabinet boosts business and investor confidence

[Raymond Parsons] The new GNU Cabinet boosts business and investor confidence, with markets likely to respond positively...

New cabinet after GNU agreement

[Andre Cilliers] President Ramaphosa's 32-minister cabinet was revealed, strengthening the rand by 0.5% to R18.09. Gold dipped; oil rose on weak Chinese data...

Godongwana holds onto Finance Ministry in new Cabinet

[Katja Hamilton] Enoch Godongwana continues as South Africa's Finance Minister under President Ramaphosa's newly announced National Executive for the seventh Democratic Administration...

Dollar strengthens ahead of key inflation data and EU uncertainty

[Andre Cilliers] Currency strategist Andre Cilliers notes the DXY up at 105.67, Euro pressured by French elections, and markets await US PCE inflation data...

#YouthMonth: From Limpopo to Investec, Pathu Ngwana’s inspiring story of resilience and success

[Katja Hamilton] Phathutshedzo Ngwana overcame unemployment to become an IT systems operator at Investec...

Saudi Arabia has announced its involvement in Project mBridge

[Katja Hamilton] Saudi Arabia has announced its involvement in Project mBridge...

Putin confirms Brics' independent payment system in the pipeline

[Katja Hamilton] Putin confirms Brics is developing independent payment system, boosting Russian sovereignty...

South Africa's economic struggles persist amid negative GDP growth and low investment

[Raymond Parsons] Raymond Parsons notes South Africa's -0.1% GDP growth in 1Q 2024 highlights economic struggles. Persistent low investment hinders tackling unemployment, poverty, and inequality...

No surprises here: Sarb's MPC holds rates steady

[Raymond Parsons] The Sarb's MPC kept interest rates unchanged for the sixth time this year, predicting balanced inflation risks and maintaining a 1.2% GDP growth forecast for 2024...

Rand retreats as coalition dynamics spook investors

[Andre Cilliers] The rand weakened 1.8% due to ANC coalition fears, trading at 18.81 per dollar, 20.35 per euro, and 23.94 per pound...

#AfricaMonth: Kennedy Bungane champions Africanbank's expansion

[Katja Hamilton] African Bank's IPO journey reflects resilience, adaptability, and expansion, transitioning from micro-lender to retail and commercial bank, fortifying industry presence...

Dubai bounces back: Arabian Travel Market spotlights surging visitor numbers

[Katja Hamilton] Katja Hamilton reports from the Arabian Travel Market...