rand

The rand weakened yesterday after comments by South African President Jacob Zuma raised concerns about higher spending on education, which would put added strain on the country’s already stretched public finances.
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By Kuda Bwititi Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday). Other currencies are the Chinese…
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By Dumisani Ndlovu | The Zimbabwean | Zvishavane-Retail outlets and informal business sector in several districts of Midlands Province reportedly rejecting the South African rand arguing they were incurring losses due to the currency’s…
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South Africa's currency has fallen to an all-time low against the US dollar. It briefly hit a rate of 14 rand to the dollar amid concerns about the strength of the Chinese economy, reports the Reuters news agency. Economies that…
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A growing number of public institutions, businesses and individuals are beginning to abandon the use of the South African rand, with the value of the neighbouring currency continuing to weaken.
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