MARKET WRAP: Rand fails to react to promising GDP data
SA government bond prices firmed, with the yield on R2030 securities falling 3.5 basis points to 8.71%
08 June 2021 - 19:25
The rand hardly moved after the release of GDP data for the first quarter, which showed the SA economy grew at a faster rate than expected.
Seasonally adjusted and annualised GDP rose 4.6% in the three months to end-March compared with the previous quarter, Stats SA said on Tuesday, better than the 3.2% expansion predicted in the median estimate of 16 economists surveyed by Bloomberg...
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.