G20 Finance Chiefs Approach Consensus in South Africa
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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,
Petrol price recoveries are holding firm, but diesel drivers could be facing even more trouble in the months ahead as global supplies come under pressure.
The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa
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.
South Africa’s currency is on track for its biggest weekly gain of 2023, following Thursday’s larger-than-expected interest rate hike. For Nomura, this is just the beginning of the rally.