A more appropriate moniker for the national currency I cannot imagine,” Bruggemans said. “So, the Poodle is expected to quickly reach for 20:$ and 21:€ in 2016.

The King protea became South Africa’s national flower in 1976 and, following the abolition of apartheid in the early 1990s, the emblem of the country’s newly desegregated national sports teams.

The South African rand fell to a record low below 16 to the dollar Friday amid a slump in platinum prices, one of the country’s largest exports. The currency also suffered from the removal of ...

China is South Africa's largest trading partner, exchanging around $20 billion in goods a year, and its thirst for South Africa's natural resources has helped power the country's economy.

South Africa’s central bank meets Thursday. It is widely expected to keep its benchmark interest-rate steady at 7%, according to Win Thin, global head of emerging-market currency strategy at ...

South Africa’s central bank raised interest rates in a bid to protect its battered currency against the fallout from an expected rate increase by the U.S. Federal Reserve next month.