The rand started the week at 17.85 USD/ZAR, fell to 17.69, with improved business confidence and a small rise in industrial production boosting investor confidence.

The rand strengthened on Monday, briefly falling below R17.70, but this momentum is likely to slow as we near the release of local inflation figures on Wednesday.

A South African living wage is how much low-earning resident needs to provide for their families. And latest research says it’s unattainable for many …

‘Challenges’ within local municipalities is the reason for low uptake of Free Basic Electricity in 2024, says Minister Ramokgopa …

Kabelo Gwamanda is set for a huge salary reduction following his resignation as mayor. He earned a whopping R1.5 million.

Latest stats reveal the severity of South Africa’s unemployment bloodbath in Q2 2024. And it’s women and the youth that’ve fared worst …

By the end of last week, the rand closed at R18.30 against the dollar and continued to strengthen, reaching R18.20 on Monday.

Money is tight and jobs are few and far between, but the following jobs have shown above-inflation salary increases in South Africa.

Minister of Trade and Industry warns failure to update 2024 prepaid electricity meters could lead to ‘full system shutdown’. Here’s more …

The South African Revenue Service has apologised for the 2024 tax chaos that ensued, following the reversal of more than 30 000 refunds.

Latest research shows nearly half of employees hope to transact an early withdrawal from South Africa’s two-pot retirement system …

No, it’s not your imagination you can’t find an ATM in South Africa, because Mzansi’s biggest banks are closing them like mad. Here’s why …

This week, an attempted assassination of Donald Trump, Joe Biden exiting the presidential race and a global internet outage occurred. Investors shifted to stable currencies, causing the rand to depreciate.

Latest survey reveals one out of every two South African pensioners will be working beyond the retirement age of 60. Here’s why …

The rand has fluctuated significantly due to international influences this past week. Softer US economic data and US election activities have caused uncertainty about the long-term strength of the US dollar.

The rand sharply dropped by nearly 65 cents against the dollar in the first two days of last week due to weak economic data and increased political interference.

Of all the tax collected in South Africa, 20% goes towards paying interest on the government’s debt which is now R5.2 trillion.

On Monday, the rand strengthened to R18.00 at the opening but closed at R18.32 as the market realized the new government’s policies would take time to drive economic growth.

John Hlophe was earning about R2.3 million as judge president, but now that has dropped to roughly R1.2 million as an MP.

The rand dropped to R18.23 per USD before rebounding to around R18.10 due to a technical correction and anticipation of President Cyril Ramaphosa’s cabinet appointments.

Throughout the week, the dollar strengthened after hours, but during the South African trading desk time, the rand gained strength and lowered the exchange rate.

The South African rand has exhibited some fluctuation and is currently valued at R18.85 against the US dollar.

The South African rand depreciated to a one-month low of R18.80 per dollar due to a stronger US dollar and ongoing political uncertainty.

The rand demonstrated notable resilience, but ongoing challenges and political uncertainties continue to pose risks.

As the elections approach, the rand might struggle to make further gains as the market assesses what the election results mean for national coalition politics.