Bears, rands, Friday the 13th

Rand IS area of concern — Bank

SARB vs. SARB

Dollar rallies

Your fiscal sentence just got longer

Bank seen mopping up Absa deal funds
Reuters
THE Reserve Bank will move quickly to mop up the billions of rand flowing from an expected purchase by Britain’s Barclays of local bank Absa, analysts said.

Speculation is swirling on how the estimated $5.3bn inflow of foreign exchange generated by the deal — which will be the biggest influx in SA’s history — might be handled, to avoid disrupting local financial markets.
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