Rand Exchange Rates to Climb on USD Strength
As the US Dollar climbs in response to ever improving chances of a Federal Reserve cash rate increase this month, commodity assets such as the ZAR endure headwinds. The Pound Sterling to South African Rand exchange rate climbed closed to 0.6 per …
Read more on Exchange Rates UK
Rand in firmer territory after Gordhan's appointment
The rand touched its weakest level of R16.0438 against the dollar on Friday after President Jacob Zuma dismissed Nhlanhla Nene as finance minister and appointed African National Congress (ANC) backbencher Desmond van Rooyen in his place on …
Read more on Times LIVE
Rand slumps on ratings shocker
Johannesburg – The rand fell for a third day to near a record against the dollar and bonds tumbled, sending yields to their highest levels since February 2014, after Fitch Ratings cut South Africa's credit rating and Standard & Poor's lowered its …
Read more on Independent Online
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