Inter Africa Bureau De Change was licensed by the South African Reserve Bank to operate as an Authorised Dealer in Foreign Currency with Limited Authority (ADLA) in September 1999. Our first branch opened in that same year at the Kopfontein Border Post between South Africa and Botswana.
US stocks have eked out modest gains in early trade as investors weighed the volatile political environment in Britain.
The JSE’s recovery from the sharp drop as a result of the Brexit vote has continued strongly.
European stocks have declined with crude oil and government bonds as an air of caution hung over financial markets with the UK hamstrung by political turmoil after Brexit.
London share prices have surged, wiping clean post-Brexit result losses, in the second straight day of a global recovery.
South African government bonds have gained, driving yields to levels last seen before President Jacob Zuma fired Nhlanhla Nene as finance minister in December.
The rand has clawed back further ground against the dollar, pulling back from recent oversold levels after a Brexit triggered a flight from risky assets.
US stocks have surged higher, rallying with European equity markets following deep losses the last two sessions due to Britain's surprise vote to leave the EU.
Share prices on the JSE have been given a massive boost by European markets having made a strong recovery after the worst two-day fall in world markets since 2008.
Emerging-market assets have risen for the first time in three days as the prospect of stimulus measures helped ease concern a UK exit from the EU will slow growth.
Almost every stock on the FTSE 100 Index has climbed amid a global rebound after the worst plunge since August.
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Parkview Lifestyle Centre
c/o Garsfontein & Netcare Roads
Tel: +27 (0) 12 993 0021
Fax: +27 (0) 12 998 9009
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