How the rand reacted to the 2016 State of the Nation Address

The rand traded at R15.70 (up 0.89%) to the US dollar and at R17.81 (down 0.15%) to the euro, 15 minutes before the start of President Jacob Zuma’s State of the Nation Address.

The FTSE/JSE All Share index traded at 47411.57 points (down 1.78%).

The blue-chip Top-40 index was at 42054.18 points (down 2.22%).

Right after the president finished his speech the rand traded at R15.84 to the US dollar and at R17.95 against the euro.

Click here to follow the proceedings on the EWN live blog below.

Subscribe to our Business Wrap Newsletter

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How will Zuma restore confidence in the economy (and mend fences with SA Inc.)?

How will Zuma restore confidence in the economy (and mend fences with SA Inc.)?

As President Jacob Zuma prepares to deliver his State of the Nation Address, analysts warn he has his work cut out for him.

President Jacob Zuma’s State of the Nation Address - what’s at stake for us?

President Jacob Zuma’s State of the Nation Address - what’s at stake for us?

Political Analyst Ralph Mathekga speaks to Bruce Whitfield about what’s at stake for the country on the eve of Sona 2016.

5 things SA Inc. needs from the State of the Nation Address

5 things SA Inc. needs from the State of the Nation Address

The Money Show’s Bruce Whitfield interviews Khanyisile Kweyama, CEO of Business Unity South Africa.

This is the REAL state of the nation (by Standard Bank's Chief Economist)

This is the REAL state of the nation (by Standard Bank's Chief Economist)

The Money Show's Bruce Whitfield interviews Goolam Ballim who gives his views regarding the state South Africa finds itself in.

DA + EFF vs Jacob Zuma – a summary of what went down at the ConCourt on Tuesday

DA + EFF vs Jacob Zuma – a summary of what went down at the ConCourt on Tuesday

Bruce Whitfield interviews EWN’s Gia Nicolaides who gives a wrap of Tuesday’s proceedings at the Constitutional Court.

9 promises President Jacob Zuma made at the 2015 State of the Nation Address

9 promises President Jacob Zuma made at the 2015 State of the Nation Address

Flying fists, walkouts and signal jamming… we all remember this. But do you remember the promises the President made last year?

Why JZ’s State of the Nation Address is more vital than Pravin’s Budget Speech

Why JZ’s State of the Nation Address is more vital than Pravin’s Budget Speech

Bruce Whitfield interviews economist Peter Attard Montalto about what to expect from next week's State of the Nation Address.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?