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


Recommended

by THE NEWSROOM

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
I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Minister Zwane confirms trips to Dubai and Switzerland

Minister Zwane confirms trips to Dubai and Switzerland

EWN parliamentary correspondent Gaye Davis says Mineral Resources Minister Mosebenzi Zwane received detailed and tough questions.

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

The ANC treasurer-general confirmed Mantashe’s comments that the President did not consult the ANC leadership on the reshuffle.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.

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...

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.