live
Share

Markets WRAP: Rand closes at R15.33/$

accreditation
Last Updated
Live News Feed
Go to start

29 Aug 2019

The rand closed at R15.33/$ on Thursday. Here's how the day wrapped up:

USDZAR 15.3303

EURUSD 1.1064

EURZAR 16.9529

GBPUSD 1.2199

GBPZAR 18.6920

AUDZAR 10.3106

CADZAR 11.5182

CNYZAR 2.1443

ZARJPY 6.9434

CHFZAR 15.5607

R186 8.20%

US 10 Year 1.51%

JSE 0.25%

FTSE 0.99%

S&P 500 1.03%

--

Gold 1 538.46 

Plat 929.20 

Plad 1 483.00 

Rhod 4 520.00 

Irid 1 470.00 

Ruth 248.00 

Copp 5 721.65 

Brent 60.40 

Gold ZAR 23 571.05 

Plat ZAR 14 236.46 

Brought to you by TreasuryONE

29 Aug 2019

Mr Price’s new CEO earned a cool R7 million for three months’ work

Mr Price Group's remuneration policy faced stiff opposition from shareholders, with many voting against it at this week's Annual General Meeting.

Results of the meeting held on Wednesday show that investors representing more than a third of the shareholding in the company voted against the remuneration policy. 

Continue Reading

29 Aug 2019

Oil rises as China stokes optimism on potential trade-war easing

Bloomberg 

Oil rose, erasing earlier losses, as investors weighed a sizable drop in U.S. crude inventories amid China’s latest indication that it won’t escalate the ongoing trade war with the US.

Futures in New York rose as much as 0.8% following an almost 4% rally over the previous two sessions.

European and US equities also pared earlier declines on Thursday as a spokesman for China’s commerce ministry signalled that the country wouldn’t immediately retaliate against the latest US tariff increase, saying that it was more important to discuss removing the extra duties.

29 Aug 2019

'Catastrophes' and hail damage dent Santam profit - but MiWay sees good growth

After a relatively quiet 2018, Santam was hit by "significant catastrophe events" in the first six months of 2019.

On Thursday, the company reported that the fires in the Betty's Bay area in January, hail damage in Newcastle in March and storm and flood damage in KwaZulu-Natal during April had a net impact of R221m on its half-year results.

In addition, its unit for crop insurance suffered an underwriting loss of R88m due to large hail-related claims from farmers. This is compared to a profit of R61m last year 

Continue Reading

29 Aug 2019

Makro and Game’s owner suffers a big loss as shoppers opt for cut-price goods

Walmart-controlled Massmart, owner of Makro, Game, Builders Warehouse and Dion Wired, has suffered a headline loss of R550 million for the six months to end-June – after earning a profit of more than R200 million in the same period last year.

Among other headwinds, the company blamed a 12% increase in costs for the loss. This was due to higher salaries after the introduction of the minimum wage this year, as well as load shedding and steeper municipal tariffs.

Continue Reading

29 Aug 2019

Asian stocks mixed on trade; Treasury yields fall

Andreea Papuc, Bloomberg

Asian stocks were mixed Thursday as investors awaited clarity on when the next steps in the US and China trade negotiations might happen. The dollar held near a nine-month high and Treasury yields declined.

Equities fluctuated across the region having climbed from intraday lows in thin trading. US and European futures pointed lower.

Earlier, the S&P 500 Index closed higher on below average volume. The yen climbed after Trump administration officials appeared to show no urgency in resolving the trade fight.

The pound held losses after UK Prime Minister Boris Johnson moved to suspend parliament, increasing the risk of a no-deal Brexit.

29 Aug 2019

Woolworths sales in South Africa are picking up, but its Australian business remains a train smash

Despite the tough economy, Woolworths continues to see strong food sales and a pick-up in demand for its clothing in South Africa.

But its business Down Under remains in the doldrums. Its Australian department store chain, David Jones, experienced “peak disruption” from the refurbishment of the company's flagship Sydney store, the group said in its results for the year to end-June. Sales fell by some 3% in the past six months.

Continue Reading
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.89
+0.0%
Rand - Euro
20.44
+0.1%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.1%
Platinum
908.75
+1.3%
Palladium
1,014.28
+1.3%
Gold
2,219.42
+1.1%
Silver
24.83
+0.8%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders