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1. www.reuters.com › markets › currenciesSouth African rand firms as focus shifts to inflation print ...

   www.reuters.com › markets › currencies

   2 hours ago · At 1400 GMT, the rand traded at 17.57 against the dollar , about 0.6% stronger than its previous close. The currency is still down about 1% against the greenback this week.

2. www.reuters.com › world › africaSouth African rand hits new 13-month high on signs of ...

   www.reuters.com › world › africa

   Aug 30, 2024 · South Africa's rand was stable on Friday against a buoyant dollar, after the local unit hit a fresh 13-month high earlier in the day supported by improved investor sentiment on signs the domestic ...

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4. www.reuters.com › world › africaSouth African rand extends gains after unity government ...

   www.reuters.com › world › africa

   Jun 18, 2024 · South Africa's rand was slightly stronger in early trade on Tuesday, building on gains after unity government members were confirmed last week and ahead of talks by U.S. Federal Reserve officials ...

5. businesstech.co.za › news › financeRand hits two-year high against the dollar as it continues ...

   businesstech.co.za › news › finance

   • Cached

   Jun 3, 2021 · Staff Writer. · 3 Jun 2021. The South African rand rallied to its highest level in more than two years against the dollar on Wednesday, as the local currency continued its strong run on the back ...

6. www.bnnbloomberg.ca › investing › 2024/09/19Rand Gains as South Africa Rate Cut, Weak Dollar Lifts ...

   www.bnnbloomberg.ca › investing › 2024/09/19

   Sep 19, 2024 · Lesetja Kganyago, governor of the South African Reserve Bank, announced a 25 basis-point reduction in the benchmark rate to 8%, in line with estimates of 21 of 22 economists surveyed by Bloomberg. Win Thin, a strategist at Brown Brothers Harriman & Co., said that after Wednesday’s benign inflation print, “this cut was a done deal.”.

   • Author: Colleen Goko

7. www.news24.com › fin24 › economyRand rallies to 13-month high on optimism about SA economy

   www.news24.com › fin24 › economy

   • Cached

   Aug 30, 2024 · 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. The South African currency advanced as much as 0.8% on Friday to 17.6069 per dollar, the strongest level since July 2023 and bringing its gain this year to 4.3%, the most in emerging markets after Malaysia’s ...

8. People also ask

   What's happening with South Africa's Rand?

   • For more financial news, go to the News24 Business front page. 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.

   Rand rallies to 13-month high on optimism about SA economy

   www.news24.com/fin24/economy/rand-rallies-to-13-month-high-on-optimism-about-sa-economy-20240830

   See all results for this question

   Why was South Africa's Rand stable on Friday?

   • JOHANNESBURG, Aug 30 (Reuters) - South Africa's rand was stable on Friday against a buoyant dollar, after the local unit hit a fresh 13-month high earlier in the day supported by improved investor sentiment on signs the domestic economy is starting to gain momentum. At 1512 GMT, the rand was flat at 17.7550 per dollar .

   South African rand hits new 13-month high on signs of economic

   www.reuters.com/world/africa/south-african-rand-hits-new-13-month-high-signs-economic-turnaround-2024-08-30/

   See all results for this question

   Why did the South African rand rally to its highest level?

   • The South African rand rallied to its highest level in more than two years against the dollar on Wednesday, as the local currency continued its strong run on the back of a sustained rebound in global economies and positive US Treasury data.

   Rand hits two-year high against the dollar as it continues strong run

   businesstech.co.za/news/finance/495721/rand-hits-two-year-high-against-the-dollar-as-it-continues-strong-run/

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   Why has the Rand risen in South Africa?

   • “With the local economy remaining weak and facing power cuts, the rand’s recent rally has been mainly on the back of global factors, including higher commodity prices which benefit resource-rich South Africa and expectations US lending rates will stay lower for longer,” Reuters reported.

   Rand hits two-year high against the dollar as it continues strong run

   businesstech.co.za/news/finance/495721/rand-hits-two-year-high-against-the-dollar-as-it-continues-strong-run/

   See all results for this question

   Why was South Africa's Rand stronger in early trade?

   • REUTERS/Mike Hutchings/Illustration/File Photo Purchase Licensing Rights JOHANNESBURG, June 18 (Reuters) - South Africa's rand was slightly stronger in early trade on Tuesday, building on gains after unity government members were confirmed last week and ahead of talks by U.S. Federal Reserve officials later in the day.

   South African rand extends gains after unity government confirmed, Fed

   www.reuters.com/world/africa/south-african-rand-extends-gains-after-unity-government-confirmed-fed-talks-2024-06-18/

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   What boosted the Rand?

   • (Waldo Swiegers/Photographer: Waldo Swiegers/Blo) (Bloomberg) -- The rand strengthened Thursday, as sentiment was boosted by the dollar’s pullback and South Africa’s first interest-rate cut in four years. The currency pared earlier stronger gains, however, to trade 0.4% higher at at 17.4846 per dollar by 5:30 p.m. in Johannesburg.

   Rand Gains With SARB Poised For First Rate Cut in Four Years

   www.bnnbloomberg.ca/investing/2024/09/19/rand-gains-with-sarb-poised-for-first-rate-cut-in-four-years/

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9. www.news24.com › fin24 › economyRand hits strongest level in 2024 as dollar wilts | Business

   www.news24.com › fin24 › economy

   May 16, 2024 · South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire. Try our free 14-day trial.