The rand continues to strengthen as foreign inflows of capital are above what they have been in recent times.
The strengthening of the rand comes at a cost however; gold and mining stocks have taken a beating as the value of their profits erodes.
Further afield the topic of US interest rates is up for discussion again; with employment levels continually improving and inflation slowly rising, a case can be made that a futher rate hike will be needed.
Andre Botha and Nick von Stein then discuss the situation in Europe, highlighting the so called PIGS economies (Portugal, Italy, Greece, Spain).
Take a listen below.
TreasuryOne provides a daily market view and daily market rates in the morning and afternoon via Whatsapp. If you want to receive up to date market information, please add the following number to your contact list – TreasuryOne market rates no 061 109 3649 and complete the following form for us to add you to the service.
Andre Botha in conversation with eBizRadio’s Nick von Stein