SAA to Axe 2 700, Fork out R2,3Bn
News Worth Knowing an rsens inestr it July 9-15 2020 @ FingazLive fi nac ace e inancia aette RBZ FX Auction Amount allotted: USD 13 602 407,84 Highest rate: 90,0000 Jury still Lowest accepted rate: 55,0000 Weighted average rate: 65,8765 Total bids: USD 15 872 481,93 Number of bids received: 264 Number of bids rejected: 92 FX03/2020 Source: RBZ out over Currencies (Bloomberg) % change USD:ZAR 16,9856 1,06 ◀ ◀ EUR:USD 1,1291 0,66 ◀ GBP:USD 1,2558 0,13 ◀ USD: JPY 107,5000 0,24 Stock Markets 10 343,89 0,86 NASDAQ ◀ NIKKEI 225 22,438,65 0,78 ◀ 12 150,00 0,69 currency JSE ◀ FTSE 100 6 179,61 ◀ 0,17 Dow 25 890,18 ◀ 1,51 Commodities ◀ ◀ Gold 1 802,85 0,45 ◀ Platinum 842,69 0,34 Brent Oil 43,25 0,39 Grains (Grain SA) ◀ auctions White Maize ZAR 2 327,94 0,4 Soya ZAR 5 637,85 0,5 ◀◀ uda ideme policy committee (MPC), said some banks and Wheat ZAR 3 099,81 1,4 arets ditr exporters were yet to put up their forex for the auctions, as expected — meaning that the system SAA to axe 2 700, HE jury is still out on Zimbabwe’s recently could “falter if more players do not willingly put re-introduced foreign currency auctions, up their money there”. with some banks and exporters remaining “The big disappointment was that some ex- fork out R2,3bn T SOUTH African Airways (SAA) wary about the system three weeks after its re- porters and commercial banks did not support the launch.
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