JSE launches index to track rand

The JSE announced yesterday that it had launched its Rand Index - a currency index that could be used to track the local currency and forecast its future strength against a basket of currencies.

The Rand Index (RAIN), as it will be known, is aimed at the asset management industry as well as economists, importers and exporters.

The index will start trading next Monday November 8. The rand has rallied against major currencies over the last few months, making SA's exports less competitive.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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