News in South Africa 25th July: 1. Rand makes a comeback: The rand is looking set for a tough week ahead, with US rate hikes likely to weaken the local currency. The rand has been one of the worst-performing major currencies in the world and reached a record high of nearly $20.00/$ in May. The […]
News in South Africa 9th June: 1. South Africa risks losing R613 billion: South Africa stands to lose as much as $32.4 billion in export revenue, almost a 10th of its gross domestic product, should some of its main trading partners retaliate against its unwillingness to take a stance against Russia’s war in Ukraine. “Together, […]
