Tag: South Africa
Eskom Made South Africa’s Emerging Market 2019’s Worst
South African energy giant Eskom is the biggest upset to the country’s emerging market this 2019. It made an impact on its currency –...
South Africa’s Rand Recovers from this Week’s Shock
The South African rand successfully regained its footing in yesterday’s trading following an upsetting fall earlier this week. Aside from the manufacturing PMI, the...
The Rand Tries to Steady After Shocking GDP Report
South Africa’s rand was struck hard by the distressing GDP report yesterday, sending it to the loosing against other currencies. But today is a...
South African Gov’t’s New Plan for Eskom | Wibest
South African Public Enterprises Minister Pravin Gordhan unveiled the government’s new plan for the energy giant Eskom. The new blueprint for the controversial company...
The Danger Around the South African Rand | Wibest
Yesterday, the South African rand was sent into the negative territories by its major currency rivals in trading sessions. The greenback, who prior to...
The Buck Takes the South African Rand Down | Wibest
The South African rand is pinned down by the US dollar as the buck raises against drying trade war news. This week’s data from...
Brazilian Oil Auction Flops, Petrobras Takes it All
The much-awaited November Brazilian oil auction turns out a flop as it failed to bring in expected figures. The oil petroleum market billed this...
Pig Fever Pushes China to Open Offal Markets | Wibest
As an effect of the ravaging African swine fever, China now looks to get more imports from Brazil. Chinese pig exports have continued to...
Eskom is Hurting the South African Rand and Economy
News from the South African company, Eskom, continues to hurt the country’s currency, credit rating, and economy. The upsetting dilemma of the government with...
South African Rand Steadies Against Eskom Scheme
The South African currency steadied against the US dollar and but fell against other currencies in today’s trading. Rand traders took their time to...
Petroleum Giants Indulge Qatar with Crown Jewels
Last year, petroleum giant Royal Dutch Shell wanted to buy a stake in Total. It is a promising exploration isolated from South Africa. The...