Rand trading softer this morning ahead of today’s Q2 GDP data
The Rand is trading a touch softer this morning in a very narrow range ahead of today’s Q2 GDP data, which is estimated to show the economy having contracted around 45% YoY and 3.8% MoM
Global Oil market is set for an extended period of soft prices
We are on record as having forecast a general decline in the price of crude oil for the second half of 2020. Our overriding rationale for this stance is that we believe the optimistic views of a sw