Rand Slump May Force More Aggressive SARB Action as Risks Climb
The rand's decline to a record low against the dollar drove South African inflation expectations to the highest in at least 3 1/2 years and fueled speculation the central bank will act more aggressively at its policy meeting this month. The five-year …
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Weak rand takes toll on petrol price
Says the CEFG in a statement: “The average rand/US dollar exchange rate for the period 27 November 2015 to 30 December 2015 was 14.8819 compared to 14.0938 during the previous period. The weakening of the rand against the US dollar increased the …
Read more on Moneyweb.co.za
Rand's fall rocks big shows
Consumers will also pay more for dollar-based products such as Netflix and Apple Music, which were recently launched locally, unless these companies fix a rand price to their products. But it's not all bad news. Though music fans might miss out on the …
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