| Good News for South Africa: Rand Strengthened against the US Dollar | |
| | |
|
Key Update: The US Fed Loses ‘Patience’ as South Africa Rejoices (Part 3 of 3) (Continued from Part 2) More good news for South Africa
South Africa is trending. Yes! It did cruise into the ICC Cricket World Cup semi-finals by its nine wicket win against Sri Lanka in Sydney. However, that isn’t what made investors happy in the country. Statistics South Africa reported inflation and retail sales figures for the country on March 18.
Consumer prices in South Africa dropped sharply in February. This was reflected in the dip in the inflation rate. The South African rand finally found some respite from the upward trending US dollar (UUP). The rand gained about 2.31% against the US dollar on March 18. The exchange rate had been 12.35 rands against one US dollar. The exchange rate was boosted up to 12.07 rands against one US dollar.
The iShares MSCI South Africa (EZA) is invested in South African equity. It gained 4.19% on March 18. South African firms like Gold Fields Ltd. (GFI), AngloGold Ashanti Ltd. (AU), and Harmony Gold Mining Company Ltd. (HMY) gained 8.90%, 8.01%, 6.36%, respectively.
Inflation is down in South Africa
According to Statistics South Africa, the headline inflation rate for February stood at 3.9%. This was within the South African Reserve Bank’s target range of 3%–5%. Inflation figures came in line with expectations. They saw a drop of 50 basis points, or bps, from January’s 4.4%. Core inflation excludes volatile food and energy prices. The country’s core inflation stood at 5.8% for February.
In South Africa, retail sales grew by 1.7%. This was below median market expectations of a 2.5% growth over the previous year’s figures. Although the figures didn’t come within the expectations, they offered encouragement. In South Africa, economic growth is expected to slow in the first quarter.
To stay updated on the key indicators that could impact your investments, visit Market Realist’s Global Equity ETFs page.
Browse this series on Market Realist:
|
|
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCTEUR |
CODE : AU |
ISIN : US0351282068 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
AngloGold est une société d’exploration minière d'or basée en Afrique Du Sud. AngloGold est productrice d'or, d'argent, de cuivre et de zinc au Bresil, au Canada, au Ghana, au Mali, en Australie, en Afrique Du Sud, en Argentine, en Guinee, en Namibie et en Tanzanie, en développement de projets de fer et d'or au Bresil, en Australie, en Afrique Du Sud, en Colombie et en Republique Democratique Du Congo, et détient divers projets d'exploration aux Philippines. Ses principaux projets en production sont CRIXÁS, MINERAÇÃO, SAO BENTO, ANGLOGOLD ASHANTI MINERAÇAO et CRIXAS MINE au Bresil, SUNRISE DAM GOLD MINE en Australie, NAVACHAB MINE et NAVACHAB en Namibie, YATELA, MORILA et SADIOLA au Mali, CERRO VANGUARDIA en Argentine, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), BAMBANANI, TAU LEKOA, MPONENG, SAVUKA, TAU TONA, GREAT NOLIGWA, KOPANANG et CRIPPLE CREEK & VICTOR (CRESSON MINE) en Afrique Du Sud, SIGUIRI en Guinee, TEBEREBIE, IDUAPRIEM, OBUASI et KUBI au Ghana, GEITA en Tanzanie et TROUT LAKE MINE et CALLINAN MINE au Canada, ses principaux projets en développement sont MOAB KHOTSONG en Afrique Du Sud, MINAS-RIO au Bresil, LA COLOSA et GRAMALOTE en Colombie, KIBALI (KILO-MOTO) en Republique Democratique Du Congo et TROPICANA en Australie et ses principaux projets en exploration sont HUALATAN et ER au Perou, MKURUMU en Tanzanie, 777 PROJECT et RIVARD au Canada, LOUBOUGOULA, GOODPASTER et ALAMOUTALA (SADIOLA II) au Mali, BAMBADJI au Senegal, MORRO VELHO au Bresil et SIANA aux Philippines. AngloGold est cotée aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,3 milliards (1,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 23 novembre 2018 à 10,00 , et son plus haut niveau récent le 10 octobre 2024 à 26,76 . AngloGold possède 47 442 200 actions en circulation. |