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The South African rand has rebounded by 0.7% against the dollar, driven by rising gold prices and a surge in vehicle sales. Despite ongoing challenges in the manufacturing sector, the …
June South Africa Rand Forecast: USD/ZAR Soars Toward R17 on Auto Sales, SARB Cuts Read More
The South African rand weakened to 17.9225 per dollar on Tuesday ahead of the SARB’s expected interest rate cut to 7.25%. Inflation remains below the target range, and recent economic …
South African Rand Weakens Amid Anticipation of Interest Rate Cut Read More
The South African rand weakened after the SARB kept interest rates steady at 7.50%. The rand was trading at 18.22 to the dollar, influenced by the U.S. Federal Reserve’s recent …
South African Rand Weakens as Central Bank Holds Interest Rate Steady Read More
The article explores the increasing adoption of cryptocurrency in South Africa, highlighting its significance for financial security. Key statistics reveal substantial engagement, with South Africa as a leader in crypto …
The Cryptocurrency Landscape in South Africa: Balancing Innovation with Security Read More
South Africa is urging regulators to classify digital assets as onshore to facilitate growth within the sector. Current regulations do not categorize these assets, creating investment limits for retail investors …
South Africa Advocates for Regulatory Clarity in Digital Asset Classification Read More
J.P. Morgan downgraded South African equities from “overweight” to “neutral” due to economic slowdown concerns and ineffective reforms. The expected growth rate is unlikely to exceed 2% in the next …
J.P. Morgan Downgrades South African Equities Amid Economic Concerns Read More
Revolut, valued at $45 billion, is exploring entry into South Africa’s digital banking market and has applied for a banking license. The company faces strong competition from local banks like …
Revolut’s Ambitious Entry into South Africa’s Digital Banking Market Read More