South African rand edges up
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South Africa's Vodacom Group said on Friday its proposed acquisition of a 30% stake in fibre network operator Maziv could value the target company at up to 36 billion rand ($2 billion) after agreeing revised terms.
The South African rand firmed on Tuesday after the release of better-than-expected local mining production figures and as U.S. data showed rising inflation in June in the world’s largest economy. At 1311 GMT,
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The South African on MSNRoland Schoeman accuses Cyril Ramaphosa’s ANC of looting ‘a trillion rand’ in scathing tweetSA Olympic gold medallist Roland Schoeman has accused President Cyril Ramaphosa and the ruling ANC of looting “over a trillion rand”.
South Africa's Valterra Platinum expects to report a sharp fall in first half profit by as much as 88% due to lower output and sales as well as one-off costs related to its demerger from Anglo American Plc group,
South Africa has a promising trade outlook, but poor diplomatic relations and slow responses to issues like US tariffs threaten the economy and growth prospects.
The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.
JOHANNESBURG: The South African rand was softer in early trade on Monday as investors mulled over U.S. President Donald Trump’s latest tariff threats. At 0627 GMT the rand traded at 17.96 against the dollar , about 0.1% weaker than Friday’s close.
Risk of a coup d’état: Minister in the presidency, Khumbudzo Ntshavheni, highlighted the potential risk of a coup in South Africa. However, she assured that no recent attempts had occurred, that intelligence agencies were monitoring suspected networks, and that measures had been put in place to mitigate this risk. [ Business Day]
South Africa’s rand is heading for its biggest weekly slump since the pandemic as global markets come to terms with the prospect of the most aggressive Federal Reserve tightening cycle in recent ...