The South African rand gained further ground on Wednesday, helped by a weaker U.S. dollar and positive local economic data showing improved business confidence and retail sales growth. By mid-afternoon, …
South African Rand
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South African Rand Eases After Two-Day Rally as Dollar Weakness Fades
The South African rand eased slightly in early trading on Thursday, pausing after two straight sessions of gains driven by a softer U.S. dollar. At 06:41 GMT, the rand was …
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CurrencyDigital EconomyEconomyMarketsMiningSouth Africa
South African Rand Holds Steady Ahead of Mining and Unemployment Data Release
The South African rand remained stable in early trading on Tuesday as investors awaited key domestic economic data. At 6:18 a.m. GMT, the rand was trading at 17.74 to the …
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South African Rand and Bonds Strengthen on Optimism Over Possible Inflation Target Cut
South Africa’s financial markets showed signs of renewed strength on Tuesday, as the rand firmed and government bonds rallied, supported by growing investor optimism that the country could be moving …
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South African Rand Flat After Political Fallout Over Deputy Minister’s Firing
The South African rand showed little movement in early trade on Friday, stabilising after sharp declines on Thursday, as political tensions between President Cyril Ramaphosa and the Democratic Alliance (DA)—his …
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AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsMiddle eastNewsSouth Africa
South African Rand Strengthens on Israel-Iran Ceasefire and Market Optimism
The South African rand strengthened against the U.S. dollar in early Tuesday trade, buoyed by a broad risk-on sentiment following U.S. President Donald Trump’s announcement of a ceasefire between Israel …
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South African Rand Drops Amid Iran-Israel Conflict
JOHANNESBURG, June 19 (Reuters) – The South African rand weakened in early Thursday trade, reflecting growing global risk aversion as the Iran-Israel conflict stretched into its seventh day and investors …
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The South African rand saw a slight recovery in early morning trade on Wednesday, ahead of important economic data releases and a key interest rate decision from the United States …
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AfricaEconomyMarketsNewsSouth Africa
South African Rand Weakens as Israel-Iran Conflict Spooks Global Markets
The South African rand slipped slightly on Tuesday morning as global investors became more cautious, with ongoing tensions in the Middle East continuing to shake financial markets. As of 06:26 …
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EconomyGOVERNMENTMarketsPoliticsSouth Africa
Rand Edges Up as South African Parliament Prepares Budget Vote.
The South African rand opened slightly stronger on Wednesday morning as anticipation built around a crucial parliamentary vote on key budget legislation that could shape investor confidence and influence local …