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Rand strengthens in countdown to Fed rate verdict

Steady risk appetite propelled an emerging market currency index to a record high on Monday as investors were convinced that the US Federal Reserve w…

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business

Eskom had to shut down Koeberg Unit 1, but 'reserves' are enough to avoid load shedding

Eskom said the unit is now being returned to service. The power utility added that there are sufficient emergency reserves to handle changes in dema…

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business

Petrol, diesel on track for more large price cuts, may fall to 2022 levels

Petrol and diesel prices are currently on track for more steep cuts at the start of October, which could push fuel prices to levels last seen before …

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business

Rand hits best level in 14 months as markets bet on giant US rate cut

The rand briefly broke through R17.60/$ to reach its best levels since July 2023 amid dollar weakness on Tuesday morning. By midday, the local curre…

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