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
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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