Tag: peregrine treasury solutions
The South African rand fell on Wednesday after a surprise repo rate cut by the South African Reserve Bank, while broader emerging market risk assets retreated amid continued focus on the coronavirus outbreak.
South Africa’s rand rose against the dollar on Tuesday, boosted by the promise of unlimited dollar funding from the U.S. Federal Reserve, which helped sentiment globally, even as an impending 21-day lockdown threatened the local economy.
South Africa's government has allocated an extra R59 billion to struggling state-owned power utility Eskom over the next two years so it can service its debt. A special appropriation bill that was tabled in Parliament today. Joining CNBC Africa to unpack the practicality and implementation of the appropriation is Bianca Botes, Treasury Partner at Peregrine Treasury Solutions.