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.
Investors on the JSE have used the opportunity to take profits after the previous two days' strong rally, amid concern over the valuations of some local shares.
European stocks have slid in opening trade, as investors paused following a global rally after US and Japanese central banks kept their easy-money policies in place.
Despite political goings-on and low growth, the rand has returned 11% for investors selling the dollar to chase higher yields - more than twice as much as its next-best peer.
Investors have taken their foot off the pedal in Asia after two days of strong gains, while the dollar recovered some ground on the yen.
Global stocks have rallied, with the tech-rich Nasdaq hitting its second straight record after US and Japanese central banks decided to keep easy-money policies in place.
The Nasdaq has surged to its second straight record as US stocks again posted strong gains following the Federal Reserve's decision to keep interest rates low.
Oil prices have eased in Asian trade on profit-taking, following two days of solid gains as traders turned their attention to next week's planned meeting of key producers.
The rand has continued its gains trading at R13.46 against the dollar ahead of the SA Reserve Bank's announcement on the repo rate.
Investors on the JSE have joined the run on global markets, picking up bargains among rand hedges which have been under pressure lately due to the strong rand.
The pound has advanced for a second day as the Federal Reserve maintained status quo on interest rates and scaled back the outlook for increases beyond this year.
If you have any questions about our products or something else, please email us or call us. We"ll get in touch with you as soon as possible.
Parkview Lifestyle Centre
c/o Garsfontein & Netcare Roads
Tel: +27 (0) 12 993 0021
Fax: +27 (0) 12 998 9009
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