Rand firms and the JSE climbs as soft US jobs data weakens the dollar
The local unit traded around R16.23 to the dollar on Friday and the Top-40 rose 1.1%, as a tepid American jobs report pushed back bets on a near-term Fed rate hike.
Markets
The JSE, the rand, shares, commodities and the moves driving South African markets.
Microsoft just lost more than half a trillion dollars in a month
The software giant is headed for its worst month since 2008 as investors fret about its massive AI spending, and whether AI will eat its own products.
From world-beater to worst quarter: the JSE's mining slump
South Africa's gold and platinum miners have tumbled since the Iran war, dragging the JSE to its worst quarter in more than two years, even as the economy holds up.
Sasol's 20% slide has analysts sniffing a bargain
The petrochemical group's shares have tumbled with the oil price after the US-Iran peace deal, but at least one analyst sees a buying opportunity.
A cooler US inflation print throws SA bonds a lifeline
Softer-than-expected American core inflation has eased pressure on the rand and government bonds — but local oil and currency risks keep the relief firmly in check.
Rupert’s Richemont rides high, but its fortunes still hinge on China
The Cartier owner is closing in on a $123 billion valuation, yet a stalled Chinese luxury market remains its biggest swing factor.
Big story
Rand firms and gold glitters as US-Iran truce calms the markets
The rand pushed firmer and gold extended its rally on Monday after Washington and Tehran agreed an initial deal to end their war, knocking the dollar to a 10-day low.
Rand holds its nerve as Middle East tensions keep markets on edge
The rand firmed to R16.52 against the dollar even as renewed US-Iran strikes and a closed Strait of Hormuz sent oil prices jumping.
EV Startup Zimi Charges Up With $2.6m to Grow Battery-Swap Network
South African EV-infrastructure startup Zimi has raised $2.6m to expand its battery-swapping and charging network for commercial fleets.
Naspers sells R12bn of Tencent to fund a buyback.
Naspers is selling ±R12bn of Tencent to fund a R10bn buyback — the eighth such trade in two years. The 40% discount logic, and why it hasn't closed.