Trade report 25/06/2013
The rand was firmer at midday on Tuesday, having reached an intraday best level of R9.91 to the dollar, and was awaiting direction from the release of several sets of US economic data due later in the afternoon. "The rand is a price taker, caught in a spiral of reacting to global economic releases," a local trader said. The USD-ZAR is expected to trade at 9.95-10.1500.
In local news; "investment in skills development should be at the centre of our attempts to build a green economy," said Deputy President Kgalema Motlanthe said on Monday at a Green Economy National Youth Summit in Cape Town. He went on to say that; "all these efforts and initiatives should be aligned to prioritising localisation of energy products and services." Mr. Motlanthe said that focus areas for training and capacity building included energy auditing, manufacturing, installation, and maintenance.
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