Rand slips to four-week low as commodities keep unravelling

The rand slid to its lowest against the dollar in about four weeks on Monday morning as commodity prices plunged further, raising questions about the durability of the commodity windfall that has partially shielded SA against the Covid-19 onslaught.

The plunge in commodity prices deepened amid concerns that the global economic recovery may have peaked, and due to a strong dollar before the US Federal Reserve’s policy meeting on Wednesday that could prepare ground for a reduction in its monthly bond-buying programme. Commodity prices surged in the second half of 2020, driven partly by Covid-19-induced supply concerns and a rebound in global economic activity. SA has benefited via higher tax receipts and mineral royalties as higher metal prices boosted mining companies’ profits.

My first experience happens to be a failure but i never gave up cause i knew it was going to work out for me trying continuously, fortunately i'm smiling today by getting involved with peterniecy

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold slips to five-week low as firmer dollar dents appealFed’s tapering could undermine bullion’s role as a hedge against inflation and currency debasement due to stimulus My first experience happens to be a failure but i never gave up cause i knew it was going to work out for me trying continuously, fortunately i'm smiling today by getting involved with peterniecy
Source: BDliveSA - 🏆 12. / 63 Read more »

500 army vehicles destroyed in fire | CitypressLast week’s devastating fire at the Wallmansthal army vehicle depot north of Pretoria comes just four years after 83 army vehicles were destroyed there in a similar fire. If I enjoy this privilege all alone, it shows how ungrateful I’m because I got this opportunity from a post here as well and saw recommendations too. All thanks to the good work of you LindaStouffes Mrs lethica001 i really appreciate your all your efforts with the little startup of R4000 with all joy over me after withdrawing R17,850 you can check my media for testimony i told you i will recommend everyone in South Africa to trade with your team you're the best thank you It's reported that these were redundant vehicles. Why didn't they sell them by public auction. Where they waiting to strip them bare before they auctioned them?
Source: City_Press - 🏆 7. / 72 Read more »

If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold - The Mail & GuardianIn South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy.
Source: mailandguardian - 🏆 2. / 92 Read more »

Pupils with learning disability have finally found home in Ekurhuleni to restore their dignityThe skills development centre caters for children with additional education needs, situated at Sozizwe Primary School and houses over 500 pupils with mild learning disabilities. Mrs lethica001 i really appreciate your all your efforts with the little startup of R4000 with all joy over me after withdrawing R17,850 you can check my media for testimony i told you i will recommend everyone in South Africa to trade with your team you're the best thank you RT : The skills development centre caters for children with additional education needs, situated at Sozizwe Primary Scho… Words alone won’t express how thankful I’m recommending you all to Kristine_Thoms .....,investing with you has been a good opportunity for me and my family I just received my profit within five days of investment. Thanks so much Kristine_Thoms
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Low-key funeral begins for Algeria's ex-president BouteflikaBouteflika passed away on Friday aged 84, having lived as a recluse since he was forced from power more than two years ago.
Source: ewnupdates - 🏆 30. / 53 Read more »

Hong Kong slides to almost 11-month low as Asian stocks sag over tapering fearsFederal Reserve meeting headlines those of a dozen central banks, including SA My first experience happens to be a failure but i never gave up cause i knew it was going to work out for me trying continuously, fortunately i'm smiling today by getting involved with peterniecy
Source: BDliveSA - 🏆 12. / 63 Read more »