James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Click here to view our updated FAIS disclosures, and click here to view our fee schedule – there are no changes to the fee structure. We remain the only provider to publish live, accurate, real-time...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 15.48; EUR 18.32; GBP 20.40 ZAR is stronger by 18%, 11% and 13% versus mid-April against USD, EUR & GBP respectively – a performance that puts it near...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 17.61; EUR 20.80; GBP 23.05 Government is corrupt and occupied largely by inept, self-serving individuals with no goal or objective other than self-enrichment (via family members who all...Read More
Let’s talk about foreign exchange in South Africa. Foreign Exchange transactions can be a daunting and intimidating topic for most people, with most banks and financial intermediaries unfortunately adding more confusion with the overuse of financial jargon and lack of general transparency. How Does Foreign Exchange Work? In layman’s terms, when you are transferring money...Read More
James Mckeown from Domisa Treasury explains the Foreign Currency Account in a business context. In South Africa, as everywhere, going into business from scratch as a startup or running an established business can be a daunting exercise with a host of challenges manifesting themselves alongside the considerable opportunities for success. If you trade with foreign...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 18.70; EUR 20.35; GBP 23.32 SARB cuts repo rate: by 100bps to 4.25% in revising the 2020 growth forecast to a contraction of 6.1% versus the January projection...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 18.03; EUR 19.61; GBP 22.40 Since our last update USDZAR has round-tripped from 18.26 to 19.35 and back to its current level of 18.03. During the same period the S&P500...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 18.26; EUR 19.98; GBP 21.22.63 US markets close down 4.5%, ZAR & EM currencies weaker: ZAR & BRL both posted all time record lows against the USD. USD was...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 17.62; EUR 19.62; GBP 21.88 QE in South Africa: on Wednesday, the SARB stated that it would purchase an unspecified quantity of government bonds in the secondary market, in...Read More
James Mckeown, director of Domisa Treasury shares weekly market updates, along with his current view on the South African market. Levels at the time of writing: USD 17.39; EUR 18.70; GBP 20.64 SARB cuts rates (19 Mar 20) aggressively to 5.25% with barely any movement in ZAR or bond yields, fears of significant negative response...Read More
