The rand just hit a five-month high, and South Africa barely earned it
A soft US inflation reading knocked the dollar and pushed the rand to its strongest since March, pulling R23.1 billion of foreign money into local bonds in a week.
Markets
The JSE, the rand, shares, commodities and the moves driving South African markets.
Editor’s pick
Tiny trades, big profits: the trick the FSCA is now chasing
South Africa's market watchdog has three live investigations into a scheme that moves a sleepy share to cash a much bigger side bet.
One metal is holding up two South African scoreboards at once
A climbing gold price did the heavy lifting for both the JSE and the rand last week — even as local factory data disappointed.
A weak US jobs report quietly did South Africa a favour
American hiring stalled, gold hit new highs and the dollar slipped — and the rand, the gold miners and the Reserve Bank all felt the upside.
Zimbabwe's dollar stock exchange wants to be a quarter bigger in a year
The Victoria Falls Stock Exchange is chasing a $5 billion valuation and building a new board to fund small mining explorers.
Gold's rally is lifting the JSE — and quietly pinching the miners driving it
Bullion's third straight gain pushed South African mining shares and the rand higher, but a firmer rand on the same gold move nibbles at the earnings of the dollar-priced miners doing the lifting.
The JSE is fighting to land a piece of Africa's biggest-ever listing
Johannesburg is openly courting Nigeria's Dangote refinery for a secondary listing — but "strong intent" is not a signed deal, and even a win might only be a shadow of one.
South Africa's property funds just broke free of the interest-rate trap
Listed property beat both shares and bonds in July, and for once it was not about rate cuts — rising rental income is now doing the heavy lifting.
The JSE wants to go digital and take itself across Africa
New boss Valdene Reddy has set out a five-year plan to reinvent the 139-year-old exchange as a pan-African digital marketplace.
Editor’s pick
The headlines say bleak August for the rand. The smart money is betting the other way
As bond outflows and a shock rate hold darken the mood, options traders have quietly cut their bets against the rand to a year low.
Amazon just joined a five-company club worth three trillion dollars
Amazon's market value topped three trillion dollars for the first time after a booming quarter, but its own boss says the AI spending is only getting started.
Wall Street braces for a jobs report, a Fed puzzle and SpaceX's debut
A busy week of US data and megacap earnings could set the tone for global markets, with shares near record highs and little room for disappointment.