Posted by The Private Broking Desk

Weekly Market Update: 10 November 2014

Last week looked like the upward trend of the South African markets had come to an end, but with a strong finish on Friday, this was not the case. South Africa's rand plunged to its lowest level in over four weeks against the U.S. dollar on Friday after Moody's credit rating downgrade in the previous session. The rand extended losses against the dollar to more than 1% after Thursday's downgrade, touching a low of 11.2750, its weakest level since October 6. The standout sector was the Resource sector, increasing by 4.14% as reflected by the Resource 20 index.

10/11/2014 / Read Story

The Private Broking Desk

GT Private Broking is part of SA’s premier online trading platform, is a pioneering full-service broker and is recognised as the market leader in CFDs and Spread Trading. We are now deepening our market offering to include a more traditional brokerage relationship delivered in a purely new world manner.