South Africa's Zuma says sacking of minister not behind crash in rand
(ShareCast News) – An exodus of Japanese investors triggered a 'flash crash' in the South African rand on Monday, analysts said. At one point in the session, the rand fell 9% – the most since October 2008 – to 17.9169 per US dollar, but as of 10:00 GMT …
Read more on IFA Magazine
Zimbabwean fails to come home . . . Festive season traffic drops 47 percent …
ZIMBABWE – Hundreds of thousands of Zimbabweans based in South Africa failed to travel home during the just ended festive season owing to the poor performance of the rand that saw the number of travellers dropping by 42 percent compared to 2014.
Read more on ZimDaily
South Africa's rand recovers from post-Fed slide, stocks fall
JOHANNESBURG, Dec 18 (Reuters) – South Africa's rand clawed back some lost ground against the dollar on Friday having fallen sharply after the United States raised interest rates while stocks fell, tracking global markets in the red. By 1510 GMT the …
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How Fed Rate Hike Will Impact Africa: Ghana, South Africa, Angola Most …
South Africa's rand has fallen more than 30 percent so far this year as investors have sold risky assets in anticipation of increased rates amid a commodity rout. The National Treasury said in its midterm budget in October that gross government debt …
Read more on International Business Times
Pound to Rand Exchange Rate: Best GBP/ZAR Rates Lost as Rand Dives Ahead of …
Following the shock announcement, the British pound to rand exchange rate surged to record bets conversions, creating opportunities for those looking for the best-valued money transfers to South Africa from the UK. Major foreign exchange rates all made …
Read more on Exchange Rates UK
South African Rand
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