ZAR extends losses against the US dollar

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The past few months certainly haven’t been kind to the rand, with the emerging-market currency tumbling 13.6% against the US dollar so far this quarter.

But it appears that the South African Reserve Bank (SARB) won’t be taking any sudden action to bolster the currency.

Yesterday SARB Deputy Governor Kuben Naidoo was quoted as saying: ‘If there is persistence in that currency weakness and it feeds into other prices, we would have to act. It’s not an immediate response, we will wait – because the economy is weak we can afford to wait and see. That may be a few months, maybe a few quarters’.

Today’s high-profile South African inflation report is the main news to focus on, with an unexpected result having the potential to spark yet more rand volatility.

Latest Rates

USD/ZAR 13.77
GBP/ZAR 18.10
EUR/ZAR 15.89
ZAR/JPY 8.01
CNY/ZAR 2.11
AUD/ZAR 10.11
CHF
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Bok Rugby News: Brits likely to make Bok return in Newlands Test

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Springbok coach, Rassie Erasmus has indicated that veteran hooker, Schalk Brits could be making a return to Test rugby at Newlands on Saturday.

South Africa took an unassailable 2-0 lead in the three-match series against England, following another come-from-behind victory in Bloemfontein, running off 23-12 victors.
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China visa scam: SA government won’t give financial relief to stranded teachers

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China visa scam: SA government won’t give financial relief to stranded teachers

The 50 South Africans who fell prey to a work visa scam in China will not receive any financial help from their own government. That’s according to the parents who are fighting tooth and nail to get their children home.

Sucked in by the promises of Owen Wong – a man who claimed to represent a company called Sanda Youth International – the group thought they would be taking up a position to teach English as a foreign language to local children.

They arrived in the country without a hitch, but Wong convinced the would-be teachers that he needed their passports to finalise all of their work visas.
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More confusion:- Ashwin Willemse “did not give testimony”

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Former Springbok and current SuperSport analyst Ashwin Willemse has reportedly not given testimony in the independent investigation being carried out after an on-air incident. The findings of the investigation are due to be handed to the channel on Monday.
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Moving abroad: Five steps to making your move simpler

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Moving abroad: Five steps to making your move simpler

Picking the right removal company will be one of the most important decisions you make when moving abroad.

Once you have decided you are moving abroad, it is vital that one of the first steps you take towards making your move as plain-sailing as possible is to choose the right removal company.

We chatted to the experts at Stuttaford Van Lines and found out the best way to approach a big move.
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Rugby News: Newlands could be hosting its last Test on Saturday

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One of SA’s oldest Test venues could say ‘goodbye’ to international rugby.

Newlands’ last taste of Test rugby could unfortunately not be a high-stakes grand affair with everything on the line.
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Wine label raises R1 million to combat rhino poaching

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Rhino Tears wines has raised R1 million since the launch of a drive in 2014 to raise funds to be used in the war against rhino poaching in South Africa.

The money that has been raised thus far has been handed to SANParks Honorary Rangers who are using the funds for anti-poaching projects in SANParks.
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Weekend travel information for 15 June 2018

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Here is our weekly travel update to help you get around London this weekend, 16 and 17 June, and also the following week.

Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you.

London Underground

Central line
From 05:00 on Saturday 16 until 05:00 on Sunday 17 June, trains will not stop at Bank station. This is due to platform engineering work.

District line
On Sunday 17 June, there will be no service between Turnham Green and Richmond. This is due to Network Rail track work.

London Overground
On Sunday 17 June, there will be no service between:
• Willesden Junction and Richmond, due to Network Rail track work
• Hackney Downs and Chingford until 08:00, due to Network Rail t
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Leon Schuster is back on screen, a new movie coming out

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In true Schuster fashion, Frank & Fearless which opens in cinemas nationwide on November 23 follows the winning recipe of side-splitting comedy and humorous social commentary of Leon’s previous successes like There’s a Zulu on my Stoep and Mr. Bones.

Together with co-writer director, Gray Hofmeyr, takes it to the next level by introducing a relevant and engrossing story and a depth of emotion which sets it apart from anything else previously produced by this iconic filmmaker.
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Brexit Bill:- Pound exchange rates volatile as UK government passes crucial bill

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The pound fluctuated on Tuesday, as while the UK’s latest labour figures failed to impress markets, they were later relieved by the passing of the government’s latest Brexit bill.

Sterling appears to be on the defensive this morning, with GBP/EUR muted at €1.1365, GBP/USD edging down to $1.3349, while GBP/CAD and GBP/AUD holding steady at C$1.7403 and AU$1.7637 respectively. Only GBP/NZD is currently showing any real signs of movement as it tumbles to NZ$1.9039.

Looking to today the focus will be on the US dollar and the Federal Reserve as the bank looks set to implement its second rate hike of the year.

What’s been happening?

The pound struggled to advance once again on Tuesday as the currency found only limited support from some mixed employment figures.

The latest labour report revealed the UK workforce swelled by a further 146,000 workers in April, with the rise being welcomed by GBP investors as it drove domestic emplo
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