The rand was at R13.8977 to the dollar from Wednesday’s R13.8253, in early evening trade on Thursday, after National Treasury released a statement that Fitch Ratings had re-affirmed SA’s long-term foreign and local currency debt ratings at BB+ and maintained its stable outlook.The government has noted Fitch’s decision not to further downgrade SA deeper into junk status, Treasury said.Moody’s and S&P Global are set to release their credit-rating decisions on Friday evening.South African futures were lower, after the JSE all share closed weaker on a softer Naspers, while the Dow was closed for Thanksgiving. US financial market trading will also close early on Friday.European markets were mixed, with the CAC 40 up 0.52% and the DAX 30 off 0.08%.Minutes released earlier by the European Central Bank showed broad support among policy makers for the central bank’s decision to extend its asset-purchase programme for a further nine months, albeit it at a lower rate.The all share closed 0.75%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.