After cracking R12 to the dollar on Wednesday, the rand was trading comfortably under R11.90 on Thursday morning. It was at R11.86 to the dollar, R14.75 to the euro and R16.95 to the pound at 6.45am. Judging from the rand’s strong performance — along with the JSE managing to swim against a red tide on Wednesday to move further into record territory — Team SA, led by Cyril Ramaphosa, is impressing international fund managers in Davos. Asian markets continued Wednesday’s slide on Thursday morning, with Tokyo’s Nikkei 225 index down 1.2%, Sydney’s S&P/ASX 200 index down 0.8% and Hong Kong’s Hang Seng index down 0.3%. The Anglo American family, which includes Kumba Iron Ore and Anglo American Platinum (Amplats), is scheduled to publish December quarter production reports on Thursday. Adapt IT said on January 17 it expected to report on Thursday that headline earnings per share (HEPS) for the six months to end-December grew between 20% and 25%. Statistics SA is scheduled to release Decem...
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