South African rand

South Africa’s rand steadied against the dollar early on Wednesday, staying below the 14/$ mark breached in the previous session, thanks to a peaceful political transition in neighbouring Zimbabwe.
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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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Reverse Bank of Zimbabwe (RBZ) governor John Mangudya has ruled out prospects of Zimbabwe adopting the South African rand as its anchor currency.
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Not for the first time, government has ruled out adopting the South African rand as its main currency.
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As the national debate about the benefits of Zimbabwe adopting the South African rand as its anchor currency continues to rage, former Finance minister Tendai Biti says the discourse is “futile” — as the country’s deepening economic rot…
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Zimbabwe's central bank is warming up to adoption of the South African Rand as a dominating currency following various calls from business in favour of the exchange.
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By Tawanda Karombo | IOL | President Robert Mugabe has hinted that he would prefer the adoption of the rand in Zimbabwe despite the reluctance to adopt the currency from his government. Mugabe, who turned 93 on Tuesday, said in a…
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By Zvamaida Murwira Government will not adopt the South African rand, nor will it reintroduce the Zimbabwe dollar until macro-economic fundamentals are addressed, legislators heard yesterday. Finance and Economic Development…
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By Sij Ncube As Zimbabwe’s tourism arrivals figures tumble ahead of the festive season amid severe cash shortages, pressure is piling on President Robert Mugabe’s administration to seriously and urgently consider adopting the South…
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By Brighton Musonza In his recent address at the luncheon organised by the St Luke’s Anglican Church in Greendale that turned out to be a bond note promotion gathering, the Reserve Bank Governor Dr John Mangudya dismissed suggestions by…
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