1. Rand comes off best levels as business confidence slumps  Business Day
  2. Rand stretches gains on easing downgrade worries  EWN
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The Bureau for Economic Research’s business confidence index dropped to 21 points in the third quarter, a 20-year lowThe Bureau for Economic Research’s business confidence index dropped to 21 points in the third quarter, a 20-year low

Rand comes off best levels as business confidence slumps

The rand has advanced more than 3% since last week’s better-than-expected second-quarter economic growth data, and as comments by ratings firm Moody’s on Tuesday that downgrade from Baa3 to sub-investment was unlikely in the near-term further boosted sentiment.The rand has advanced more than 3% since last week’s better-than-expected second-quarter economic growth data, and as comments by ratings firm Moody’s on Tuesday that downgrade from Baa3 to sub-investment was unlikely in the near-term further boosted sentiment.

Rand stretches gains on easing downgrade worries