| 单词 | rand |
| 例句 | A regular CD in the store cost 100 to 150 rand. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z By matric I was balling, making 500 rand a week. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z So now this guy’s walking away with a DVD player and 10 rand in his pocket. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z One Saturday afternoon, following one of our clandestine tennis lessons, he gave me fifty rands and a bag full of tennis clothes: sweaters, shorts, socks, shirts, dresses and warm-ups. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z Never more than a few hundred, maybe a thousand rand at a time, but it was all cash on hand. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z I didn’t have the four hundred rands’ deposit, nor the sixteen hundred rands for the plane ticket. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z But the evening before he gave me a pair of new tennis shoes and ten rands taxi fare, and he and members of the ranch wished me well. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z Finally my mom said, “Okay, I’ll give you a hundred rand.” Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z I was out there every day from seven a.m. to seven p.m., and every day it was: How do we turn ten rand into twenty? Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z She finally relented and gave me 2,000 rand, for one outfit. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z My mom wrote to my gran, asking her to send the price of a train ticket, about thirty rand, to bring her home. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z “Sir, you don’t understand. Your mother has been shot. In her brain. She’ll be in ICU. One night in ICU could cost you fifteen, twenty thousand rand.” Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z My father’s measly wage of ten rands a week was stretched even tighter as a result of the new addition to the family. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z The 150 rands that had been used to pay for my hotel accommodations for a week could have easily kept the family alive for four months. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z It was all there—ten rands and forty cents. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z A burger at Black Steer cost at least 20 rand. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z “I’m not making a million rands, Mama,” I said, laughing. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z Then the guy would come back and give us 120 rand. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z Even if I run out on an er- rand, he’ll be waiting for me, alone, when I come back. The Queen of Water 1996-01-01T00:00:00Z “Sir, you don’t understand. We have to do so many tests. One test alone could cost two, three thousand rand.” Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z I had spent my last rand and had no fare to get home. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z We sell him the shoes, and now we’ve gone and turned 60 rand into 200. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z The penalty for violating the pass laws was thirty days in jail or a fine of fifty rand, nearly half her monthly salary. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z It seemed unlikely, Mr. Ferguson said, that the trustees of the club would approve the spending of thousands of rands for the creation of facilities to serve one black tennis player. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z At the end of the month I got my first paycheck: a whopping 295 rands! Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z For our tenement we paid six rands, half my father’s wage. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z I even discovered a bell for room service—all this for 150 rands a week. Kaffir Boy: An Autobiography 1986-01-01T00:00:00Z At the time a CD writer cost as much as the rest of the computer, nearly 2,000 rand. Born a Crime: Stories from a South African Childhood 2016-11-15T00:00:00Z How unexpected: Although we knew the dollar was strong against the rand, we were stunned at how inexpensive things were in Cape Town. South Africa, from rhinos to Robben Island 2016-04-07T04:00:00Z A couple staying a week ends up paying 373 rand a day. Frugal Traveler: D.I.Y. Africa 2014-03-28T17:21:42Z The airline is said to be seeking “millions in rand.” South African Airways files fraud charges against pilot, claims he was flying with incorrect license for decades 2019-03-01T05:00:00Z On the streets, barefoot children sometimes pose for photographs, hoping for a few rand. An Artist Colony Thrives in the South African Desert 2019-04-11T04:00:00Z A hearty brunch is 100 to 150 rand. 36 Hours: 36 Hours in Cape Town 2011-10-27T19:11:06Z I ordered the mutton version — full of meat, a spicy kick, very filling, and just 40 rand. Frugal Traveler: D.I.Y. Africa 2014-03-28T17:21:42Z Stern’s paintings took the top three spots by value, with the highest bidder paying just over 20 million rand for portrait “Arab”. Foreign buyers flock to Cape Town's booming art scene 2019-03-20T04:00:00Z With another plate of stewed chicken and vegetables, and entree and drinks, our total was 67 rand. Frugal Traveler: D.I.Y. Africa 2014-03-28T17:21:42Z Pizzas are reasonably priced, ranging from 42 rand to 126 rand. 36 Hours in Cape Town 2015-10-21T04:00:00Z The price was light, too — 150 rand for a dorm bed in a rondavel, a modernized thatched roof structure. Frugal Traveler: D.I.Y. Africa 2014-03-28T17:21:42Z I ordered their early morning breakfast special — eggs and grilled toast with a small side salad and a good, strong cup of Truth coffee — for just 40 rand, less than $3. A $1,000 Day in Cape Town for $100 2017-11-08T05:00:00Z For the admission fee of just 80 rands it’s all yours. In South Africa, Fine-Art Landscapes for Postcard Prices 2015-01-20T05:00:00Z He drew up a daylong itinerary for a fictitious traveler on a budget of $1,000, or about 14,000 South African rand. A $1,000 Day in Cape Town for $100 2017-11-08T05:00:00Z My creatively painted, decently appointed room was a bargain at 240 rand a night, though window shades would have been nice. Frugal Traveler: D.I.Y. Africa 2014-03-28T17:21:42Z Breakfast, with options like French toast and eggs Benedict: 35 to 78 rand. 36 Hours in Cape Town 2015-10-21T04:00:00Z Tour reservations are required; 30 rand, including two drinks. Journeys: South Africa Adds Beer to the Wine List 2012-08-10T17:42:57Z Despite the fall in sterling’s value, the rand/pound exchange rate means that South African safaris, paid for in the local currency, continue to offer the continent’s best value. How to safari in South Africa on a budget 2016-11-05T04:00:00Z While the T-shirts and hoodies lure the hipsters inside, it’s Tiltt’s collection of cult footwear, including brands like Creative Recreation and String Republic, with prices starting at around 150 rand, that keeps them there. Surfacing: New Life in a Johannesburg Suburb 2010-03-12T18:22:00Z Now in three days, we are being offered 50,000 rand for a gig. 2010-02-05T23:20:00Z Admission is 30 rand; arrange in advance for a guided tour with a former resident for 45 rand. 36 Hours in Cape Town 2015-10-21T04:00:00Z It says it costs operating mines as much as 7 billion rand annually and the economy tens of billions of rand more in lost export earnings, taxes and royalties. South African president deploys army to tackle illegal mining 2023-11-09T05:00:00Z The South African rand is set to gain less than 1% while the Turkish lira is set to fall around 16% in a year. Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll 2023-11-08T05:00:00Z The South African rand was little changed in early trade on Monday against a weaker dollar as recent U.S. economic data fuelled expectations that the Federal Reserve is done hiking interest rates. Polish president to announce new PM on Monday 2023-11-06T05:00:00Z The South African rand was little changed in early trade on Monday against a weaker dollar as recent U.S. economic data fuelled expectations that the Federal Reserve is done hiking interest rates. Australia's Albanese retraces historic Beijing walk on visit to mend ties 2023-11-06T05:00:00Z The South African rand was little changed in early trade on Monday against a weaker dollar as recent U.S. economic data fuelled expectations that the Federal Reserve is done hiking interest rates. Israeli strikes on Gaza intensify, pressure mounts over civilian casualties 2023-11-06T05:00:00Z The South African rand was little changed in early trade on Monday against a weaker dollar as recent U.S. economic data fuelled expectations that the Federal Reserve is done hiking interest rates. Britain temporarily withdraws some embassy staff from Lebanon 2023-11-06T05:00:00Z The South African rand was little changed in early trade on Monday against a weaker dollar as recent U.S. economic data fuelled expectations that the Federal Reserve is done hiking interest rates. China appoints He Lifeng as head of office of the Central Financial Commission -c.bank publication 2023-11-06T05:00:00Z The South African rand was little changed in early trade on Monday against a weaker dollar as recent U.S. economic data fuelled expectations that the Federal Reserve is done hiking interest rates. China says will work to restore peace in Palestinian territories 2023-11-06T05:00:00Z The South African rand regained lost ground on Friday against the U.S. dollar while global focus remained on conflict in the Middle East. Pakistan's three-time premier Nawaz Sharif expected home from exile 2023-10-21T04:00:00Z Accusing him of being in South Africa illegally, they locked him up and demanded at least 1,500 rand, or $78, about what he paid in rent each month, for his release, Mr. Kumbasa said. After South African Fire, Migrants Fear a Violent Backlash 2023-09-08T04:00:00Z The South African rand extended gains on Friday against a weaker dollar as analysts found comfort in the prospects of the U.S. Citigroup cuts 2023 euro area real GDP growth forecast to 0.4% 2023-09-08T04:00:00Z Today it generates 106 billion rand in annual turnover and owns more than 2,000 stores across South Africa and seven other African countries. Raymond Ackerman, founder of South African grocer Pick n Pay, dies at 92 2023-09-07T04:00:00Z Hugo Pienaar, chief economist at the Bureau for Economic Research said a likely easing in the intensity of power cuts should also boost foreign investor sentiment towards South Africa and the rand. EM currencies face uphill battle as dollar's supremacy continues 2023-09-07T04:00:00Z A woman who had been housed there by the charity was leaving, and he paid her 4,000 rand to have the room for as long as he pleased. Life inside the 'hijacked' Johannesburg building where scores burned alive 2023-09-02T04:00:00Z South Africa’s rand is down, Turkey’s lira is up and China’s yuan and Malaysia’s ringgit are down for a fourth month in the last five. Emerging markets beaten back in August as China chills the mood 2023-08-31T04:00:00Z The NDB, which has long tapped China's capital market for funding, is registering an Indian rupee bond programme worth $2.5 billion over five years, after it issued its first South African rand bond last week. China's Xi calls for BRICS unity as bloc weighs expansion 2023-08-23T04:00:00Z The South African rand strengthened against the dollar on Thursday, helped by dollar weakness after data showed a moderate rise in U.S. inflation in July. North Korea developing nuclear weapons, evading sanctions in 2023 - UN report 2023-08-10T04:00:00Z The South African rand strengthened against the dollar on Thursday, helped by dollar weakness after data showed a moderate rise in U.S. inflation in July. Who was Ecuador's assassinated presidential candidate Fernando Villavicencio? 2023-08-10T04:00:00Z So he moved into the building and paid 800 rand a month for a room. Life inside the 'hijacked' Johannesburg building where scores burned alive 2023-09-02T04:00:00Z The South African rand strengthened against the dollar on Thursday, helped by dollar weakness after data showed a moderate rise in U.S. inflation in July. Guyana oil legislation will grant broad powers to energy minister 2023-08-10T04:00:00Z The South African rand strengthened against the dollar on Thursday, helped by dollar weakness after data showed a moderate rise in U.S. inflation in July. Russia warehouse near Putin's residence is on fire -TASS 2023-08-10T04:00:00Z Some other commodity currencies have seen similar declines, with the New Zealand dollar down 2% and the South African rand down 3%. Dollar’s decline throws spotlight on battered commodity currencies 2023-07-26T04:00:00Z The South African rand firmed slightly in early trade on Thursday as the dollar eased a bit even though the U.S. Norwegian Air agrees to buy Wideroe for $106 mln 2023-07-06T04:00:00Z Most of the currencies surveyed, like the Thai baht, Indian rupee and South Africa's heavily battered rand, were seen holding on to recent gains by year end. EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll 2023-07-06T04:00:00Z South Africa’s rand will depreciate against the dollar, “so that is going to become an increasingly snowballing financial burden,” Lawrence said. Shifting S. Africa coal plant for clean energy needs millions in loans. Experts say that’s a problem 2023-06-21T04:00:00Z South Africa's rand was little changed early on Friday, remaining below 19 to the dollar after a strong week of gains boosted by encouraging economic data at home. China mutual fund sales dry up amid market gloom 2023-06-09T04:00:00Z After the weapons spat with the US ambassador, the South African currency, the rand, sank sharply against the US dollar, and there are legitimate concerns that foreign investment and foreign trade deals could suffer. How Putin has given South Africa a big diplomatic headache 2023-06-02T04:00:00Z The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week. Russia hits military target in western Ukraine - governor's office 2023-05-29T04:00:00Z The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week. Uganda's president Museveni approves anti-LGBTQ law - spokesman 2023-05-29T04:00:00Z The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week. Turkey's Erdogan triumphs in election test, extending his 20-year rule 2023-05-29T04:00:00Z The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week. NATO soldiers deploy around Kosovo town halls in standoff with Serb protesters 2023-05-29T04:00:00Z The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week. Spain's conservative PP needs pact with far-right Vox to rule in regions 2023-05-29T04:00:00Z The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week. Special Report: Dozens of babies die in orphanage as Sudan war takes grim toll on Khartoum 2023-05-29T04:00:00Z At major road junctions across the nation, unemployed and homeless men now earn a few rand from drivers in exchange for directing cars when the traffic lights are off. South Africa load-shedding: The roots of Eskom's power problem 2023-05-23T04:00:00Z Brigety's comments also wreaked havoc on the local currency with the rand plunging 4.7% in a space of a week as concerns grew over the potential sanctions on the country. South Africa is 'actively non-aligned' on Ukraine war, says government 2023-05-13T04:00:00Z The ambassador's assertion saw the rand and South African government bonds sell-off, as currency traders said they were worried that South Africa could now face Western sanctions. South African minister: we didn't approve any arms shipment to Russia 2023-05-12T04:00:00Z The rand and South Africa's 2030 government bond extended losses after the U.S. statement as currency traders said they were worried that South Africa could now face Western sanctions. US envoy says Russian ship picked up arms in South Africa 2023-05-11T04:00:00Z Soon after the ambassador’s remarks South Africa’s currency, the rand, which recently had been falling in value against the U.S. dollar, continued its plunge. The U.S. ambassador to South Africa accused the country of providing weapons to Russia. 2023-05-11T04:00:00Z But the terms of a 254-billion rand debt bailout announced by the government in February prohibit the company from investing in new generation capacity. How developing countries are being failed by the West’s green ambitions 2023-04-30T04:00:00Z He collects torn or soiled foreign currency notes that have been rejected by supermarkets and other traders - mostly US dollars or South African rand, which are both legal tender in Zimbabwe. Buying banknotes to survive Zimbabwe's sky-high inflation 2023-04-25T04:00:00Z The South African rand is up 1.5% against the dollar this week . Analysis: Fed pause before European peers to lift Treasuries, European stocks 2023-03-23T04:00:00Z The South African rand recovered some ground on Wednesday after hitting its lowest level in almost three years after South African data showed a sharp economic contraction and on hawkish comments from U.S. Analysis: Biden's focus on deficit in budget is targeted at Republicans 2023-03-08T05:00:00Z The South African rand recovered some ground on Wednesday after hitting its lowest level in almost three years after South African data showed a sharp economic contraction and on hawkish comments from U.S. Syria conflict status quo 'unacceptable', UN envoy says 2023-03-08T05:00:00Z The South African rand recovered some ground on Wednesday after hitting its lowest level in almost three years after South African data showed a sharp economic contraction and on hawkish comments from U.S. Afghan broadcaster airs rare all-female panel to discuss rights on Women's Day 2023-03-08T05:00:00Z The South African rand dropped sharply overnight and hit its lowest level in almost three years early on Wednesday, after hawkish comments from U.S. Trafficker suspect caught in Austria after Italy shipwreck disaster 2023-03-08T05:00:00Z The South African rand dropped sharply overnight and hit its lowest level in almost three years early on Wednesday, after hawkish comments from U.S. House Republicans to highlight US debt ahead of Biden budget proposal 2023-03-08T05:00:00Z The South African rand dropped sharply overnight and hit its lowest level in almost three years early on Wednesday, after hawkish comments from U.S. As Francis marks 10 years as Pope, conservatives confront post-Benedict era 2023-03-08T05:00:00Z The South African rand strengthened on Tuesday after data showed that the country's unemployment rate declined for the fourth consecutive quarter in October-to-December last year. Nigeria's Tinubu has unassailable lead in provisional election results - Reuters tally 2023-02-28T05:00:00Z The South African rand strengthened on Tuesday after data showed that the country's unemployment rate declined for the fourth consecutive quarter in October-to-December last year. Russia bans government officials from using most foreign words 2023-02-28T05:00:00Z The South African rand strengthened on Tuesday after data showed that the country's unemployment rate declined for the fourth consecutive quarter in October-to-December last year. Nigeria voters stand guard as election ballot papers counted 2023-02-28T05:00:00Z The South African rand strengthened on Tuesday after data showed that the country's unemployment rate declined for the fourth consecutive quarter in October-to-December last year. Explainer: What's the latest on Biden's U.S. student loan forgiveness? 2023-02-28T05:00:00Z The rand extended losses against the dollar after the watchdog's decision, to trade down about 1.3% on the day. Financial crime watchdog adds South Africa to 'grey list' 2023-02-24T05:00:00Z The South African rand weakened against the dollar on Monday, at the start of a week in which fiscal policy will be in focus, with the finance minister due to present this year's budget. Sudanese print newspapers in decline as readers turn online 2023-02-21T05:00:00Z Its contingency plans for when electricity is off for 10-14 hours a day indicate that it will require a further capital investment of about 120 million rand for additional generating capacity, it added. South Africa's Tiger Brands grows sales after price hikes 2023-02-21T05:00:00Z The South African rand weakened against a stronger dollar on Wednesday after domestic inflation figures came in line with expectations. Algeria arrests one person who threatened to blast Saudi embassy 2023-02-15T05:00:00Z South Africa's rand firmed in early trade on Thursday, as investors awaited President Cyril Ramaphosa's State of the Nation address, which could offer some solution to ease a worsening power crisis. Eritrean president sidesteps questions about troops in Ethiopia 2023-02-09T05:00:00Z At market open, shares of Pick n Pay, South Africa's second biggest supermarket chain, fell 5% to 49.63 rand, as it also warned on additional cost pressures. Pick n Pay sales grow but warns on extra costs from power cuts 2023-02-08T05:00:00Z The South African rand fell against the dollar on Friday, after the release of a whole-economy survey that showed business activity shrinking in Africa's most industrialised economy. Mali expels U.N. mission's human rights chief 2023-02-05T05:00:00Z The South African rand weakened against the dollar on Monday, at the start of a week in which fiscal policy will be in focus, with the finance minister due to present this year's budget. South Africa's Tiger Brands grows sales after price hikes 2023-02-21T05:00:00Z The proposed deal was criticized by a South African opposition party, which said the money reportedly involved — which is equivalent to more than 900 million South African rand — represented nearly 40% of SA Tourism’s budget. South Africa government pursuing sponsor deal with Tottenham 2023-02-01T05:00:00Z South Africa's rand weakened on Thursday after the central bank raised its main lending rate by 25 basis points to 7.25%, less than expected by most economists polled by Reuters. Tunisian activists decry intimidation as vote looms 2023-01-27T05:00:00Z South Africa's rand weakened on Thursday after the central bank raised its main lending rate by 25 basis points to 7.25%, less than expected by most economists polled by Reuters. Yellen to meet with donors, private sector on South Africa's energy transition 2023-01-27T05:00:00Z The South African rand was little changed on Wednesday as investors awaited an interest rate decision on Thursday. Kenyan court convicts Venezuelan diplomat for envoy's murder 2023-01-25T05:00:00Z The South African rand was flat in early trade on Wednesday, as investors awaited the central bank's decision on monetary policy this week. Tanzanian opposition leader returns home after two years in exile 2023-01-25T05:00:00Z The South African rand weakened on Tuesday as mining production continued to decline against a backdrop of crippling power cuts. Gambian vice president dies of illness, president says 2023-01-18T05:00:00Z South Africa's rand weakened in early trade on Tuesday, as investors looked for more clarity on the outlook of the Fed's rate-hike path. Ghana set to request G20 Common Framework debt restructuring on Tuesday - sources 2023-01-10T05:00:00Z South Africa's rand weakened on Thursday as the U.S. dollar jumped after the release of strong employment data, which added to expectations the Federal Reserve could keep hiking rates at an aggressive pace. Senegal declares national mourning after bus crash kills dozens 2023-01-08T05:00:00Z South Africa's rand weakened on Thursday as the U.S. dollar jumped after the release of strong employment data, which added to expectations the Federal Reserve could keep hiking rates at an aggressive pace. Gunmen kidnap 32 people from southern Nigeria train station 2023-01-08T05:00:00Z South Africa's rand strengthened in early trade on Wednesday, ahead of minutes from the U.S. Germany calls Al Aqsa visit by new Israeli minister a provocation 2023-01-04T05:00:00Z South Africa's rand currency and stocks weakened on Friday, as investors opted for caution in the final trading session of the year. Nine suffocate to death in Ugandan New Year firework crush - police 2023-01-01T05:00:00Z South Africa's rand strengthened against the dollar on Friday and was on track for big weekly gains, ahead of a four-day long Christmas weekend. Ethiopian Airlines to resume flights to Tigray capital 2022-12-27T05:00:00Z South Africa's rand strengthened against the dollar on Friday and was on track for big weekly gains, ahead of a four-day long Christmas weekend. Nigeria dance carnival helps residents reclaim the streets 2022-12-27T05:00:00Z South Africa's rand held on to gains on Thursday, despite the dollar's recovery on the back of strong economic data that showed the U.S. economy rebounded faster than previously estimated in the third quarter. Togo presidency to oversee armed forces as security worsens 2022-12-23T05:00:00Z Other carry trades at risk include the Brazilian real, South African rand and Mexican peso, and exiting from those illiquid currencies will likely include a leg of selling the U.S. dollar for the yen. Morning Bid: Questions after the storm 2022-12-21T05:00:00Z The South African rand was steady in early trade on Wednesday as investors awaited the release of consumer inflation and retail sales numbers. Morocco targets diplomatic goals after World Cup run 2022-12-14T05:00:00Z The rand currency and government bonds weakened sharply last week after the report was made public and rumours that Ramaphosa was to resign followed. Analysis: South Africa's Ramaphosa still ANC's best hope despite scandal 2022-12-07T05:00:00Z The South African rand has fallen 4 percent against the dollar since the report was issued Wednesday, according to Bloomberg data, amid uncertainty over the country’s leadership and the future of economic restructuring. South African president’s future uncertain over cash-in-couch scandal 2022-12-02T05:00:00Z The currency, the rand, took a sharp dip. Under Pressure, South Africa’s President Snubs Party’s Leadership 2022-12-02T05:00:00Z Macanhe and her daughter leave King Edward that day around noon with a neighbor they bumped into, saving Macanhe from spending precious rands on taxi fare. Small victories: South Africa is struggling to improve kids’ health decades after apartheid’s demise 2022-11-22T05:00:00Z South Africa's rand weakened on Friday, as the dollar strengthened after a stronger-than-expected U.S. jobs report suggested the Federal Reserve will likely stick to its aggressive tightening policy for now. At least 25 people killed in South Sudan communal land violence 2022-10-11T04:00:00Z Like other smaller EM currencies, South Africa's rand - heavily reliant on China's appetite for its commodities - was unlikely to mimic its biggest single country trading partner's currency. Aggressive rate hikes best option but unlikely to quell EMFX sell-off 2022-10-06T04:00:00Z South Africa's rand strengthened on Tuesday, joining a global risk rally amid weakness in U.S. Burkina Faso's new military government meets West Africa bloc 2022-10-04T04:00:00Z South Africa's rand strengthened on Tuesday, joining a global risk rally amid weakness in U.S. Two oil wells operated by Nigeria's Eroton on fire -oil spills agency 2022-10-04T04:00:00Z Transnet has been operating below capacity due to a shortage of locomotives, poor maintenance and vandalism and theft of its infrastructure, costing miners billions of rand in potential revenue. South Africa's rail and port workers to strike this week over wages 2022-10-04T04:00:00Z South Africa's rand strengthened in early trade on Tuesday, ahead of the central bank's biannual monetary policy review due later in the day. Japanese foreign minister says Japan has ordered Russian consul to leave by Oct. 10 -Kyodo 2022-10-04T04:00:00Z South Africa's rand weakened against the dollar on Friday, after data showed the country's trade surplus narrowed significantly in August. Ebola kills doctor in Uganda, first health worker killed in latest outbreak 2022-10-01T04:00:00Z South Africa's rand weakened on Friday, as the U.S. dollar hovered near its recent peaks on expectations that the Federal Reserve would need to hike interest rates more to tame inflation. Abidjan residents clean up popular district to mark World Cleanup Day 2022-09-17T04:00:00Z South Africa's rand meanwhile has taken on a more favourable outlook in comparison to other EM currencies. Worst not over for EM currencies as U.S. dollar thunders on: Reuters poll 2022-09-07T04:00:00Z South Africa's rand was flat on Monday, as the dollar continued to surge after more Federal Reserve officials flagged the likelihood of aggressive interest rate hikes. Key events in the war in northern Ethiopia 2022-08-24T04:00:00Z South Africa's rand was flat on Monday, as the dollar continued to surge after more Federal Reserve officials flagged the likelihood of aggressive interest rate hikes. Flooding devastates rural areas south of Sudan's capital 2022-08-24T04:00:00Z "We were going to end up charging 300 rand for a swim lesson," she said. South Africa's 'silent revolution' as those with cash go solar 2022-08-15T04:00:00Z While China's tightly-controlled yuan and the Korean won were predicted to be range-bound over the next three to six months, the Indian rupee , South African rand , Russian rouble and Turkey's lira were expected to fall. POLL FX markets haven't seen last of dollar strength yet - analysts 2022-08-04T04:00:00Z In addition, supply chain disruptions linked to the pandemic have also increased costs, such as shipping, and a weakening local rand currency has made imports of turbines and solar modules more expensive. Pandemic, war and 'crazy' prices threaten South African pivot from coal 2022-07-21T04:00:00Z The rand pared losses against the dollar on the inflation numbers. South Africa inflation strikes 13-year high on eve of rates call 2022-07-20T04:00:00Z South Africa's rand strengthened against the dollar on Tuesday after slipping to its weakest for 21 months in early trade. Mali orders temporary suspension of U.N. peacekeeping mission rotations 2022-07-14T04:00:00Z The South African rand edged lower late on Friday, after a strong week in which it was bolstered by traders looking for signs of U.S. inflation peaking. South Africa's 'silent revolution' as those with cash go solar 2022-08-15T04:00:00Z The bulk of its 3.5 billion rand capital investment in the current financial year is earmarked for new stores and revamps. COVID can't break South Africa's love affair with shopping malls 2022-06-29T04:00:00Z South Africa's rand strengthened against a sliding dollar on Friday, as investors started to scale back bets on how far central banks will be able to lift interest rates this cycle to rein in inflation. Commonwealth ends summit with call for action on climate change, trade 2022-06-25T04:00:00Z The South African rand strengthened against a broadly weaker dollar on Tuesday, although worries lingered over aggressive interest hikes from global central banks. Tanzania ruling party now says it 'insists' on constitutional reform 2022-06-22T04:00:00Z He became a “yachtie” by accident: During a gap year in Majorca, he learned quickly the South African rand doesn’t go very far in Europe. There's something about Gary 2022-06-20T04:00:00Z Headline earnings per share - the main profit measure in South Africa - were 86% up at 6.72 rand compared to last year. Omnia sees Africa increasing farm input support amid food security fears 2022-06-20T04:00:00Z The South African rand strengthened on Tuesday, as the dollar consolidated gains near a two-decade peak amid fears that aggressive interest rate hikes by the Federal Reserve would push the U.S. economy into recession. Ghana chef serves free stew as more struggle to afford food 2022-06-15T04:00:00Z The South African rand strengthened on Tuesday, riding on a better than expected growth of the economy in the first quarter, while a surprisingly large rate hike in Australia heightened global investor caution. Belgian king returns mask to Congo in symbolic gesture of restitution 2022-06-08T04:00:00Z South Africa's rand has taken on a somewhat stable outlook in comparison to other EM currencies. Emerging market FX rallies seen short-lived due to high inflation: Reuters poll 2022-06-02T04:00:00Z The next stage is for regulators to test the digital rand at a bigger scale and develop rules for its use. S.African central bank eyes digital rand to cut cross-border payment costs 2022-05-18T04:00:00Z “We have heard that you want your 1,000 rand. We will deal with that matter,” Ramaphosa told the protesting workers. Protesting miners stop speech by South Africa’s president 2022-05-01T04:00:00Z Authorities said about 13,600 people had been made homeless by the floods, and have estimated the damage at several billion rand. World Digest: April 15, 2022 2022-04-15T04:00:00Z The KwaZulu-Natal provincial government estimates that billions of rand worth of damage has been caused to properties and infrastructure, describing the heavy rains as unleashing "untold havoc" in a statement on Facebook. Durban floods: South Africa floods kill more than 250 - officials 2022-04-13T04:00:00Z The Treasury will spend nearly 250 billion rands on grants in the financial year starting in April, up from about 225 billion rands in the previous year. Analysis: More welfare or less? S.Africa's ANC confronts apartheid's legacy 2022-03-14T04:00:00Z It identified some of those facing accusations and estimated that the value of cash and assets to be recovered was around 552 million rand. S.African corruption probe flags COVID contracts worth $137 million 2022-01-25T05:00:00Z Tshifhiwa Tshivhengwa, chief executive officer of the Tourism Business Council of South Africa, told Reuters that a survey of tour operators showed that the cancellations so far are worth about 1 billion rand. New COVID strain hits revival of S.Africa's international tourist trade 2021-12-09T05:00:00Z The rand has slumped more than 6% against the dollar this month. COVID comeback caps a November to remember in markets 2021-11-30T05:00:00Z South Africa’s rand has recovered some of Friday’s losses, when it tumbled to a one-year low after the new Covid-19 variant spooked investors. FTSE 100 to rebound as oil rallies despite worries over Omicron variant – business live 2021-11-29T05:00:00Z Now, his business nets him on average 2,000 rands a month, after years of failed job searches and enterprises. Analysis: More welfare or less? S.Africa's ANC confronts apartheid's legacy 2022-03-14T04:00:00Z In emerging markets, the spotlight passes from Turkey to South Africa for now as the rand breaches the 16.00 level to the dollar for the first time this year. It's looking like a Black Friday 2021-11-26T05:00:00Z South Africa’s rand fell 1% in early trade, as did U.S. crude futures. Stocks slip, havens rally as new COVID-19 variant spooks investors 2021-11-26T05:00:00Z But emerging currencies from South Africa’s rand or Poland’s zloty and Hungary’s forint all hit their lowest for the year this week. Column-Yearend stress catalyzed by a restive dollar: Mike Dolan 2021-11-24T05:00:00Z The disputes include a wage dispute at Builders, with unions demanding an increase of 500 rand but Massmart is only offering an increase of 320 rand. South African workers strike at Walmart-owned firm Massmart 2021-11-19T05:00:00Z While several remain under intense pressure, a few emerging market currencies are likely to mark a stronger 2022 -- especially the South African rand, South Korean won and the Russian rouble. More trouble ahead for erratic emerging market currencies - Reuters poll 2021-11-03T04:00:00Z Economists have said that price increases have likely been held back by a robust rand and limited pass-through from imported inflation, partly absorbed by firms. South African inflation risks skewed to upside in coming months 2021-10-15T04:00:00Z Other emerging market currencies ended the following quarterly periods weaker, with the rand suffering a nine-quarter losing streak. Higher rates set to protect emerging market currencies from Fed taper 2021-10-07T04:00:00Z The rand rallied on Friday after the U.S. jobs report came in below market expectations, as the Fed has made a labour market recovery a condition for paring back its pandemic-era asset purchases. South African rand starts week stronger following U.S. jobs report 2021-09-06T04:00:00Z However, the real has benefited from 325 basis points of interest rate hikes this year compared with none for the rand, though Brazil's economy shrank slightly in Q2. Bumpy autumnal ride ahead for emerging market currencies 2021-09-03T04:00:00Z The insurer's standard coverage offered by agents runs to a maximum of 500 million rand, while an additional 1 billion rand is available to bigger firms that approach Sasria directly. South Africa's state insurer to raise cover for unrest following riots 2021-08-24T04:00:00Z It pointed to a declining rand and emigration as contributing factors. Pandemic spurs flight of top earners from debt-laden South Africa 2021-08-10T04:00:00Z South Africa’s rand slid in the days after protests ripped through the country, with disruptions to its busy shipping ports felt well beyond its borders. Analysis-Pandemics & protests: Unrest grips developing countries 2021-07-28T04:00:00Z Along with other risk-sensitive currencies, the rand moves regularly on shifts in the outlook for U.S. monetary policy. South African rand starts week stronger following U.S. jobs report 2021-09-06T04:00:00Z "The rand will continue to benefit from the global economic recovery, elevated metals and mineral commodity prices, and favourable market risk sentiment." Ghosts of taper tantrum to haunt EMFX, stir volatility memories 2021-07-02T04:00:00Z Even very small township shops typically turn over 2 million rand a year, he said, although their margins are very thin. Scale of cash economy in South African townships stuns FirstRand 2021-06-18T04:00:00Z Nkobi Group was the local joint venture partner to Thales, then known as Thompson-CSF, which was part of a consortium that won a 2.6 billion rand bid to provide combat suites for new navy frigates. Arms deal graft trial against S.African ex-president Zuma adjourned to May 26 2021-05-17T04:00:00Z The rand has rallied and local bond yields edged lower since Magashule’s suspension, although other factors have also contributed, including the National Treasury cutting debt issuance. South Africa investors cheer Ramaphosa rival's suspension 2021-05-12T04:00:00Z Mr Ndlangisa estimates that his overall loss for the past year is "in the hundreds of thousands of rands". 'I have put everything into my winery' 2021-03-31T04:00:00Z Currencies favoured for leveraged carry trades all suffered, including the Brazil real, Turkish lira and South African rand. Asian markets roiled as bond rout turns 'lethal' 2021-02-26T05:00:00Z The offer went up to 70,000 rand before he accepted, he said. Tshegofatso Pule murder: Boyfriend charged over death of pregnant 28-year-old 2021-02-22T05:00:00Z The Mexican peso, Brazilian real, Turkish Lira, South African rand, Russian rouble and Polish zloty all jumped between 5% and 10%, adding to 5%-12% leaps in China, Taiwan and Korea’s currencies since June. Analysis: Is a post-COVID currency war coming? 2020-12-04T05:00:00Z Land Bank also missed almost 120 million rand worth of interest payments in June. Standard Chartered sues South Africa's Land Bank to recover debt 2020-08-25T04:00:00Z The provincial health department of the central Gauteng province, an economic hub and home to Johannesburg, alone accounted for just under half of the total, at 2.2 billion rand, Mothibi added. South Africa investigates COVID-linked corruption of $290 million 2020-08-19T04:00:00Z South Africa’s rand and Mexico’s peso are also worth watching. Take Five: Trade War II 2020-05-08T04:00:00Z Its municipality owes half a billion rand for water, out of a national unpaid bill of nearly 9 billion rand. Girl's drowning sparks water riot in thirsty South African township 2020-02-10T05:00:00Z He estimated his losses from the purchase of costly generator fuel and lost output at around 60,000-70,000 rand a day, but declined to say what his revenues were. Small business owners count the cost of South Africa's power cuts 2019-12-11T05:00:00Z About 5.7 billion rand worth of its debt is guaranteed by the government. Standard Chartered sues South Africa's Land Bank to recover debt 2020-08-25T04:00:00Z This is largely because of its 500 billion rand of debt, mostly government-backed. Eskom works to restore power after South Africa floods as mines reopen 2019-12-11T05:00:00Z It later added that losses already amounted to 120 million rand. South Africa's mines close as flooding exacerbates power crisis 2019-12-10T05:00:00Z “Complete compliance with the 2010 Minimum Emission Standard would require an estimated 187 billion rand,” the presentation by the Department of Public Enterprises said. South Africa's Eskom needs $12 billion to comply with new emissions laws 2019-11-20T05:00:00Z The Zimbabwe dollar was abandoned because of hyperinflation in 2009, when the country mainly adopted the US dollar and the South African rand. Zimbabwe - the land where cash barons thrive 2019-11-19T05:00:00Z Now she owes around 3,500 rand in monthly installments, more than her monthly income. Debt relief a double-edged sword for South Africans living on loans 2019-11-04T05:00:00Z For 2019, the government considers that the compensation will amount to 12 million rand. Indigenous communities win share of South Africa's rooibos tea profits in landmark bioprospecting agreement 2019-11-01T04:00:00Z The charges relate to a deal to buy 30bn rand of European military hardware for South Africa’s armed forces in the late 1990s. Zuma to stand trial on corruption charges relating to $2.5bn arms deal 2019-10-11T04:00:00Z The payout would be close to 15 million South African rand, which, she said, “is a huge thing, obviously.” For One L.P.G.A. Golfer, a Million-Dollar Prize Is Worth the Pain 2019-09-26T04:00:00Z This particular shopping hub posts an estimated annual profit of close to 7 billion rand, or nearly $473 million. What’s driving anti-immigrant violence in South Africa? It’s not just economic anxiety. - The Washington Post 2019-09-10T04:00:00Z Zimbabwe’s money became so worthless that it was effectively replaced by outside currencies, including the South African rand, the United States dollar and China’s yuan. Robert Mugabe, Strongman Who Cried, ‘Zimbabwe Is Mine,’ Dies at 95 2019-09-06T04:00:00Z Commercial rooibos farming, which is now worth an estimated 500 million rand a year, began on these lands in the early 1900s, industry says. Indigenous communities win share of South Africa's rooibos tea profits in landmark bioprospecting agreement 2019-11-01T04:00:00Z That package is on top of a 23 billion rand a year bailout for the next three years. South Africa's ailing Eskom faces emissions violations, could shut... 2019-09-04T04:00:00Z Other emerging market currencies including the Turkish lira and South African rand fell on foreign exchanges as investors bet that an Argentine debt default might rattle global financial markets. Argentinian peso plunges as centre-left win election primary 2019-08-12T04:00:00Z When that work was successful, he applied for 15 million rand for human trials. Develop the perfect pitch to launch a start-up 2019-07-22T04:00:00Z The pound is also a little higher against the South African rand. Tourists facing travel money 'shock' this summer 2019-07-17T04:00:00Z Zimbabwe later introduced a local currency called the bond note in 2016 to trade alongside the dollar, the British pound, the South African rand and other currencies. Zimbabwe president praises re-introduction of local currency 2019-06-25T04:00:00Z Zimbabwe later introduced a local currency called the bond note in 2016 to trade alongside the dollar, the British pound, the South African rand and other currencies. Zimbabwe president praises re-introduction of local currency 2019-06-25T04:00:00Z “The bond position is not disastrous because you have the possibility of interest rate cuts, but the tricky thing is the rand and whether you can effectively hedge it.” Is South Africa edging out Turkey as the big EM short? 2019-06-20T04:00:00Z She’s an American expat who works in Cape Town, South Africa, and is paid in rand. Millennial Money: Paying debt back home vexes expats 2019-03-12T04:00:00Z The rand fell more than 1 percent versus the dollar to its weakest in six weeks on Thursday and is now down more than 4 percent this week. Eskom split to minimize risks to South Africa, Ramaphosa says 2019-02-14T05:00:00Z “That’s when he went on his drinking spree and rand two red lights killing my daughter while she was in a crosswalk.” Angel dad whose daughter was killed by an illegal immigrant pleads with Pelosi to help Trump protect Americans 2019-02-13T05:00:00Z The white maize futures contract due in March traded up 2.76 percent to 3,088 rand on Friday, just under a near two-year high of 3,255 rand reached last week. South Africa farmers seek $220 million in drought aid 2019-01-25T05:00:00Z The Zimbabwe dollar became virtually worthless and people were forced to trade in foreign currencies - the US dollar and the South African rand. The most expensive fuel in the world? 2019-01-18T05:00:00Z The country abandoned its own currency in 2009 after it was wrecked by hyperinflation and adopted the dollar and other currencies, such as sterling and the South African rand. Zimbabwe police clash with protesters on first day of general strike 2019-01-14T05:00:00Z Emerging-market currencies such as Turkey’s lira and South Africa’s rand felt the biggest pain. Yen's surge is a red flag for world markets 2019-01-03T05:00:00Z Those only gained pace in August, when the rand got caught up in the broad selloff that battered the Turkish lira. From Jakarta to Buenos Aires, the world feels Fed's sting 2018-12-18T05:00:00Z Siyanda paid 400 million South African rand up front and a stake in output for the next decade totaling no more than 6 billion rand. Santa baby’s billion-dollar Christmas 2018-12-14T05:00:00Z Mlandeli, the engineer, said he wishes the government would swallow its pride, scrap the bond notes and start trading in the U.S. dollar and South African rand. One year after Mugabe’s historic ouster, Zimbabwe looks much the same 2018-11-21T05:00:00Z It also wants to cut its salary bill by 20 percent and achieve cost savings of between 157 million and 608 million rand in each of the next five years, the presentation showed. Khashoggi killing complicates Saudi rescue bid for South African... 2018-11-20T05:00:00Z Despite enacting the 2014 regulations and spending at least 1.5 billion rand a year to curb invasive species, the country is not keeping up, says the report. South Africa’s invasive species guzzle precious water and cost US$450 million a year 2018-11-01T04:00:00Z Despite a later rebound, the rand is 14 percent down against the dollar so far this year. From Jakarta to Buenos Aires, the world feels Fed's sting 2018-12-18T05:00:00Z Zimbabwe abandoned its own currency a decade ago amid hyperinflation, with a mixture of dollars, pounds and south African rand circulating instead. Zimbabwe needs aid to prevent further crisis, warns ruling party 2018-10-19T04:00:00Z Many emerging market currencies, such as the Turkish lira and the South African rand, also kept some distances from lows hit last month. Asian shares hover below three-week high as Fed rate hike looms 2018-09-25T04:00:00Z Zimbabwe abandoned its own currency amid runaway inflation nine years ago and now uses US dollars and South African rands, supplemented by bond notes printed by the central bank which command little confidence. 'Things are getting worse': economic collapse looms again in Zimbabwe 2018-09-23T04:00:00Z Many crossed into South Africa or Botswana to buy basic goods, and the US dollar and the South African rand became de facto currencies. How do you solve catastrophic hyperinflation? 2018-09-21T04:00:00Z South Africa’s rand, which is down 16 pct this year, looks like it needs the support of higher rates. Take Five: World markets themes for the week ahead 2018-09-14T04:00:00Z South Africa is still suffering from high unemployment, while the rand has fallen this year as emerging market nations come under pressure from the rising US dollar. What became of the G20 leaders who met in 2008 to avert financial crisis? 2018-09-12T04:00:00Z South Africa’s currency, the rand, is down by roughly 18 percent this year, and second-quarter data this month showed that South Africa was already in a recession. Around the World, Markets are Falling 2018-09-12T04:00:00Z South Africa South Africa unexpectedly plunged into recession in the second quarter of 2018, recording a 0.7% drop in GDP and triggering a sell-off that took the rand to its lowest level in two years. Argentina, Turkey, Mexico ... fear of contagion haunts emerging markets 2018-09-08T04:00:00Z In 2009, the Reserve Bank of Zimbabwe abandoned its currency and adopted the US dollar and the South African rand as the main means of exchange. How do you solve catastrophic hyperinflation? 2018-09-21T04:00:00Z Some emerging markets currencies staged a small recovery on Thursday, including the Argentinian peso, which hit a record low on Monday, the South African rand and the Mexican peso. China 'will retaliate' if US imposes new tariffs on $200bn of goods 2018-09-06T04:00:00Z The South African rand lost value because of spillover from emerging market jitters in Turkey and Argentina. South African economy, 1 of Africa’s biggest, in recession 2018-09-04T04:00:00Z The South African rand dropped 2%, while the Indonesian rupiah hit its lowest level in nearly three years against the greenback. Fresh Stress Grips Weakest Emerging-Market Currencies 2018-08-30T04:00:00Z President Donald Trump this week sent the rand into a tailspin by tweeting that he would ask Secretary of State Mike Pompeo to study South African “land and farm seizures” and the “killing of farmers”. Taking the land: ANC grasps South Africa's most emotive issue 2018-08-24T04:00:00Z South Africa’s rand fell against the dollar after the tweet, and was 1.3% lower in Thursday morning trade. Trump Tweet on South African Land Reform Draws Government’s Ire 2018-08-23T04:00:00Z Emerging market currencies, especially the South African rand, the Russian ruble and the Mexican peso, were down sharply against the dollar. Why Turkey’s Crisis Feels Familiar for Emerging Markets: It’s the Debt 2018-08-15T04:00:00Z India’s rupee also plumbed a record low, while Russia’s rouble, South Africa’s rand and Indonesia’s rupiah all traded at their weakest in two or more years. Turkey tantrum? Investors fret over contagion from lira plunge 2018-08-15T04:00:00Z Botha defied international financiers, extending a collapse in the rand, and spooking foreign banks. Sinking Turkish Lira, Indian Rupee Raise Specter of Contagion 2018-08-14T04:00:00Z The rand fell sharply and government bonds weakened after Ramaphosa’s announcement. Taking the land: ANC grasps South Africa's most emotive issue 2018-08-24T04:00:00Z In another sign that investor anxieties over Turkey’s market meltdown are easing, South Africa’s rand rose nearly 2.5% against the dollar after sliding more than 9% on Monday, its biggest drop since the financial crisis. Turkish lira rebounds as Indian rupee hits record low 2018-08-14T04:00:00Z The rot spread to the South African rand and the Argentine peso. Asia tries to find its footing after Turkish tremors 2018-08-13T04:00:00Z The Argentine peso hit a record low, the rand was at its weakest in two years, and there was also downward pressure on the Indian rupee and the Indonesian ringgit. Turkish lira record low ripples through global currency markets 2018-08-13T04:00:00Z “There is a panic move on all emerging market currencies, the stress spreads on the South African rand, the Indian rupee or the Mexican peso,” said analyst Alexandre Baradez from brokerage IG Group. European bank stocks lose more ground as concerns on Turkey spread 2018-08-13T04:00:00Z The South African rand hit a low level not seen since mid-2016, the Russian rouble slumped again and the Indian rupee slid to an all-time trough. Turkey financial crisis: euro plunges as lira volatility sparks contagion fears 2018-08-13T04:00:00Z The Argentine peso and South African rand were also caught in the crossfire. Euro on defensive as Turkish crisis sparks rush to safety 2018-08-12T04:00:00Z Markets reacted negatively and the currency, the rand, has continued to plummet over the last week. South Africa risks 'Zimbabwe-style land chaos' 2018-08-10T04:00:00Z Emerging markets were under pressure Thursday amid heightened concerns over the escalating trade dispute between the U.S. and China, with currencies including the ruble and South African rand falling against the greenback. As Turkey’s Lira Falls, Sanctioned Ministers Remain Defiant 2018-08-02T04:00:00Z “The only legal tender in South Africa is the South African rand,” Groepe said. South African white enclave tests e-currency to stand apart 2018-07-16T04:00:00Z In emerging market currencies, the South African rand ZAR=, Brazil's real BRL= and the Mexican peso were the worst hit overnight. Asian shares seen slipping as risk sentiment sours, euro buoyant 2018-06-07T04:00:00Z There are reports of children from a nearby town using slingshots to down the birds and sell them alive for 200 rand, or about 15 U.S. dollars. Africa's Most Endangered Parrot Fighting for Survival 2018-05-11T04:00:00Z Her sentence was suspended and she was ordered to pay a fine of 15,000 rands. Winnie Madikizela-Mandela, South Africa’s ‘Mother of the Nation,’ dies at 81 2018-04-02T04:00:00Z Last year, another court, the Equality Court, ruled her behavior offensive and fined her 100,000 rand, or about $8,500. Woman Becomes First South African Imprisoned for Racist Speech 2018-03-28T04:00:00Z Shares in Naspers slumped more than 5 percent to 3,276 rand with some investors disappointed that the money would be plowed back into e-commerce businesses. Naspers to raise up to $11 billion by trimming Tencent stake 2018-03-22T04:00:00Z The South African rand is up 22% over the past four months. Miners Fight to Protect Commodity Gains From Increasing Costs 2018-03-12T04:00:00Z In October, SAP, which is listed in the U.S. and Germany, said it discovered 94 million rand in payments made between December 2015 and November 2016. SAP Finds Signs of Misconduct at Its South African Unit 2018-03-08T05:00:00Z Five candidates were on the mayoral ballot in Santa Fe’s first ranked choice election in which voters could rand each candidate from first to last on the ballot, in order of preference. Santa Fe picks publishing entrepreneur as next mayor 2018-03-07T05:00:00Z South Africa’s rand extended recent gains early on Friday. South Africa's Ramaphosa set to outline priorities in key speech 2018-02-16T05:00:00Z With the end of Mr. Zuma’s tenure, international investors upgraded South Africa’s prospects, sending the nation’s currency, the rand, to a three-year high, while bidding up shares of South African companies. South Africa Sees Fresh Start for Economy, With the Same Challenges 2018-02-15T05:00:00Z The Japanese yen ascended to a 15-month high, while South Africa’s rand traded at its strongest level in almost three years after President Jacob Zuma resigned. Stock rally over past five days is strongest since 2011 2018-02-15T05:00:00Z Both the stock exchange and the local currency unit, the rand, jumped in value in the minutes after Mr. Ramaphosa was voted in. Cyril Ramaphosa replaces Jacob Zuma as South Africa president 2018-02-15T05:00:00Z The rand Thursday reached its highest point in nearly 3 years. Cyril Ramaphosa elected as South Africa's new president 2018-02-15T05:00:00Z South Africa’s rand extended recent gains early on Friday. South Africa's Ramaphosa set to outline priorities in key speech 2018-02-16T05:00:00Z With a political crisis averted, the rand and South African government bonds are underpinned. What Markets Tell Us About Jacob Zuma’s Demise 2018-02-15T05:00:00Z His decision to sack two respected and experienced finance ministers roiled markets and sent the rand plunging. Zuma's departure ends South Africa's most troubled period since apartheid 2018-02-15T05:00:00Z His erratic economic policies led to a dramatic decline in the value of the country’s currency, the rand. Jacob Zuma resigns as South Africa’s president, ending standoff with ruling party 2018-02-14T05:00:00Z The growing strength of South Africa's currency, the rand, since Zuma's departure suggests the business community is confident Ramaphosa will avoid the controversial measure of taking land without compensation, even if that is party policy. Cyril Ramaphosa elected as South Africa's new president 2018-02-15T05:00:00Z After his election, South Africa’s currency, the rand, and overall business confidence have risen. Jacob Zuma Steps Down as South Africa’s President 2018-02-14T05:00:00Z His words, actions and appointments repelled investors and often sent the local currency, the rand, spiraling lower. Jacob Zuma’s Legacy Is a Weakened South Africa 2018-02-14T05:00:00Z Since his election as party president, South Africa's currency, the rand, has rallied, amid growing expectations that Zuma will be dumped. Scandal-tainted South African President Jacob Zuma may be dumped by his party within days 2018-02-05T05:00:00Z “There are so many guys just standing around, with no jobs, so I’ll just give them two rands to carry the water,” he said, referring to the equivalent of about 17 cents. Dangerously Low on Water, Cape Town Now Faces ‘Day Zero’ 2018-01-30T05:00:00Z Shoprite, one of the country’s biggest retailers, was fined 1m rand in September for “reckless lending”, after it failed to check properly whether consumers could afford to repay their loans. In South Africa, more people have loans than jobs 2018-01-18T05:00:00Z “Children are all hurt in the same way, irrespective of their skin colour. However, we do not blame the organisation – companies are fined millions of rand if they do not comply with the criteria.” Fighting child sex crimes in South Africa: 'We've seen an increase in brutality' | Hannah Summers 2017-12-21T05:00:00Z The rand, the South African currency, jumped 4 percent against the dollar on news of Mr. Ramaphosa’s win Monday. Cyril Ramaphosa’s ANC election a win for Venda tribe 2017-12-19T05:00:00Z In response to Mr Ramaphosa’s victory the local currency, the rand, surged by almost 5% and the prices of South African government bonds rose. Cyril Ramaphosa could save South Africa—if he can reform his own party 2017-12-19T05:00:00Z As expectations of a Ramaphosa victory heightened, South Africa’s currency, the rand, gained sharply — reflecting the business community’s preference for him. Cyril Ramaphosa Wins A.N.C. Leadership Battle in South Africa 2017-12-18T05:00:00Z The rand extended its gains to more than 4% on Monday, reaching its highest level since March, in anticipation of a Ramaphosa win. Cyril Ramaphosa chosen to lead South Africa's ruling ANC party 2017-12-18T05:00:00Z South Africa’s rand firmed 2 percent after courts ruled senior officials in two provinces seen as supporting Dlamini-Zuma had been illegally elected and could not attend the conference. Ramaphosa, Dlamini-Zuma in tight race to lead South Africa's ruling AN 2017-12-16T05:00:00Z Shares in the company were 43 percent down at 5.61 rand and nearly 40 percent lower in Germany. Steinhoff shares plunge again after Moody's cut hits debt 2017-12-08T05:00:00Z "How do you charge 350 rand for a t-shirt?" she asked, the newspaper said. 'Millions misspent' during Mandela funeral 2017-12-04T05:00:00Z "These junk ratings have nothing to do with financial ratings. It's political ratings," she said, adding: "The rand falls. It fell in apartheid and we will pick it up again now." Will South Africa learn from Mugabe's fall? 2017-11-22T05:00:00Z White players and coaches are still being lured to the northern hemisphere or Japan – as the ailing rand cannot compete with the euro, pound and yen. Rugby and the rainbow nation: can 2023 World Cup heal South Africa's wounds? 2017-11-08T05:00:00Z South Africa’s rand firmed 2 percent after courts ruled senior officials in two provinces seen as supporting Dlamini-Zuma had been illegally elected and could not attend the conference. Ramaphosa, Dlamini-Zuma in tight race to lead South Africa's ruling AN 2017-12-16T05:00:00Z Shares in the company were 43 percent down at 5.61 rand and nearly 40 percent lower in Germany. Steinhoff shares plunge again after Moody's cut hits debt 2017-12-08T05:00:00Z The following year, Mzulwini and his partners secured three contracts to do brick work, netting profits of 70,000 rand, about $5,150. End of Apartheid in South Africa? Not in economic terms 2017-10-27T04:00:00Z Those in other categories will receive a one-off payment of 30,000 rands if they retain their rating. South African researchers bemoan slashed funds 2017-10-10T04:00:00Z The rand, bonds and banking shares surged on that news, buoyed by the prospect of Zuma's removal. No-confidence vote signals 'High Noon' for South Africa's Zuma 2017-08-08T04:00:00Z It's not only the alleged misuse of billions of rands of public money; the most devastating effect may yet prove to be the erosion of trust in public institutions. Zuma no confidence vote: Will 'the Zuptas' fall in South Africa? - BBC News 2017-08-07T04:00:00Z But now the rand is strengthening, reversing this advantage. The apples that need shading from the sun - BBC News 2017-06-20T04:00:00Z The value of the rand fell by 1% on the currency markets. South Africa falls into second recession in a decade - BBC News 2017-06-06T04:00:00Z If they are newly rated or improve their rating, they will receive a one-off payment of 50,000 rands. South African researchers bemoan slashed funds 2017-10-10T04:00:00Z On Tuesday, the rand gained another half a percent largely due to weakness in the dollar, with traders also buying options in the local currency to bag profits should the motion fail. No-confidence vote signals 'High Noon' for South Africa's Zuma 2017-08-08T04:00:00Z Emerging market currencies, such as the South African rand, are also benefitting. Dollar weakens as FBI director's firing unnerves markets – business live 2017-05-10T04:00:00Z Foreign buyers are mainly focused on the luxury market, with the decision to invest “most often based on the strength of major international currencies against the rand,” Mr. Geffen said. House Hunting in ... Cape Town 2017-04-12T04:00:00Z For South Africa’s middle classes, the fall in the rand’s value may make their next overseas vacation costlier. In South Africa, thousands from all races march against President Jacob Zuma, but unity remains elusive 2017-04-07T04:00:00Z The sacking of Gordhan, the finance minister, led to a slide in the value of South Africa’s rand currency and an almost immediate downgrading by international ratings agency Standard and Poor’s. Tens of thousands march against Jacob Zuma in South Africa 2017-04-07T04:00:00Z The rand, bonds and banking shares surged on that news, buoyed by the prospect of Zuma's removal. No-confidence vote signals 'High Noon' for South Africa's Zuma 2017-08-08T04:00:00Z The embattled South African rand ZAR= steadied ahead of a vote of no confidence in President Jacob Zuma on April 18. Asia stocks meander ahead of Trump-Xi talks, U.S. jobs data 2017-04-06T04:00:00Z "We have a huge vested interest in their conservation and have spent billions of rand protecting and managing our herd - 'sustainable utilisation' is in the constitution," he said. Would a legal market for rhino horn deter poachers? - BBC News 2017-04-06T04:00:00Z “Prices have gone up like crazy. It’s too much. I used to buy groceries in four plastics for 500 rands,” he said, referring to plastic shopping bags, “but now it’s only three plastics.” In South Africa, thousands from all races march against President Jacob Zuma, but unity remains elusive 2017-04-07T04:00:00Z South Africa’s rand fell Monday after Standard & Poor’s, a credit ratings agency, lowered the country to below investment grade, citing political instability and threats to economic growth. South Africa’s Zuma says government disputes are damaging 2017-04-04T04:00:00Z On Tuesday, the rand gained another half a percent largely due to weakness in the dollar, with traders also buying options in the local currency to bag profits should the motion fail. No-confidence vote signals 'High Noon' for South Africa's Zuma 2017-08-08T04:00:00Z Worries over the health of South Africa's economy continued on Monday, as comments by the new finance minister failed to stem a fall in the rand. South Africa rand sinks further amid concern about credit downgrade - BBC News 2017-04-03T04:00:00Z Mr Gordhan's sudden dismissal, part of a reshuffle affecting nine ministers, led to a 5% plunge in the value of the currency, the rand. New South Africa finance minister Gigaba calls for radical reform - BBC News 2017-04-01T04:00:00Z The protests came after international ratings agency S&P Monday downgraded the country’s credit rating on its foreign denominated debt to junk status — or sub-investment grade, causing the currency, the rand, to plummet. In South Africa, thousands from all races march against President Jacob Zuma, but unity remains elusive 2017-04-07T04:00:00Z The South African rand promptly fell by more than 2 percent, bringing its decline over the past week — when signs of the coming upheaval became apparent — to 7 percent. South Africa faces political turmoil after Zuma sacks finance minister 2017-03-31T04:00:00Z Mr. Zuma changed that decision four days later, after the rand and the stock market tumbled, and Mr. Gordhan’s return to the job helped reassure investors. Markets in South Africa Slump After Finance Minister Is Fired 2017-03-31T04:00:00Z Zuma has been struggling for control of the treasury since 2015 when he sacked the previous finance minister, triggering a previous crisis for the rand. South Africa bonds likely headed for junk status after Zuma's midnight purge of ministers 2017-03-31T04:00:00Z Gordhan is viewed favourably by investors and the rand fell sharply when he was ordered home. South African president Jacob Zuma 'may step down early' in 2018 2017-03-30T04:00:00Z “The 1.17bn rand presented here is an amount linked to a certain number of individuals’ loss of support’ injuries and of course fatalities,” the police minister, Nathi Nhleko, told lawmakers. Marikana massacre victims offered £75m in damages 2017-03-16T04:00:00Z In Port Elizabeth, whistleblowers have uncovered billions of rand that have either been misspent, stolen, or are simply lost. Is Zuma's ANC betraying the South African dream? - BBC News 2017-02-09T05:00:00Z Sibanye said the consensus outlook for precious metal prices in the near term, particularly in rand terms, was subdued and further sustained rand strength would impact on operating margins in its gold and platinum divisions. Sibanye may raise up to $1.3 billion in equity for Stillwater deal 2017-02-03T05:00:00Z As the rand spiraled downward Friday, party leaders condemned the move. South Africa bonds likely headed for junk status after Zuma's midnight purge of ministers 2017-03-31T04:00:00Z The South African currency, the rand, plunged on markets and Zuma was forced to reverse the decision four days later. South Africa's Jacob Zuma faces a no-confidence vote as he fights for political survival 2016-11-28T05:00:00Z It called for a higher minimum wage of at least 4,500 rand. South Africa sets out planned minimum wage level - BBC News 2016-11-21T05:00:00Z "According to our estimates, the industry is worth in excess of 20 billion rand," said Flippie Cloete, an agricultural economist at South Africa's North West University. South Africa's wild game breeders count mounting costs of drought 2016-11-11T05:00:00Z "Sibanye believes that increasing the equity component would be prudent in the current strong rand environment, allowing the company to maintain a strong balance sheet," it said in statement accompanying a half-year trading update. Sibanye may raise up to $1.3 billion in equity for Stillwater deal 2017-02-03T05:00:00Z The ruble rose against the dollar, even as currencies like the Mexican peso, South African rand and Turkish lira took a pasting. Russia May Be Odd Haven in Trump Era 2016-11-10T05:00:00Z Other currencies also became legal tender including the Chinese yuan, the South African rand, the British pound, the Botswana pula, the Euro, the Indian rupee and the Japanese yen. As Zimbabwe tries new currency, skeptics reach for the old 2016-11-03T04:00:00Z The rand currency fell as much as 3% against the dollar and government bond yields jumped after prosecutor Shaun Abrahams made the announcement at a news conference in Pretoria. South African Rand Tumbles as Finance Minister Pravin Gordhan Is Set to be Charged 2016-10-11T04:00:00Z News of his summons rattled the markets and the South African rand fell more than 3%. South Africa's finance minister issued with summons - BBC News 2016-10-11T04:00:00Z The company, which raised 4.5 billion rand via a rights issue in February, admitted that it fixed prices of some steel products and shared commercially sensitive information with competitors. ArcelorMittal South Africa to pay record $110 million to settle anti-trust charges 2016-08-22T04:00:00Z The news sent the rand 5% lower; aggravating the perilous state of South Africa’s economy, which is hovering close to recession and just one notch above junk status. Gupta Family to Sell South African Holdings, Piling Pressure on President Zuma 2016-08-28T04:00:00Z Compounding the issue, at some universities, the management agreed to student demands to in-source all workers, costing hundreds of millions of rands annually. South African academics warn of universities on the brink 2016-08-25T04:00:00Z At the core has been a recovery in the gold price in South African rand terms. Miners Find South African Gold Recovers Its Luster 2016-08-25T04:00:00Z The rand fell more than 1% against the US dollar on Wednesday morning. South Africa rand falls on Pravin Gordhan arrest rumour - BBC News 2016-08-24T04:00:00Z South African-focused stocks were hit after the country's currency, the rand, fell sharply. FTSE 100 slides as mining stocks fall - BBC News 2016-08-24T04:00:00Z Zuma rattled investors in December by changing finance ministers twice in a week, sending the rand plummeting. South Africans give ruling ANC worst election since apartheid 2016-08-06T04:00:00Z In December, President Jacob Zuma went through three finance ministers in a week, precipitating a dive in the already hurting South African rand. Meet the South African Politician Who's Been Compared to Barack Obama—But Prefers Bill Clinton 2016-07-28T04:00:00Z "Expanding its operations in Europe should act as a useful hedge against rand volatility and exposure to South Africa's stagnant economy." Poundland agrees to £597m takeover from Steinhoff - BBC News 2016-07-13T04:00:00Z Another option would be to reintroduce its own currency and peg it to the rand, like in Lesotho and Swaziland. Zimbabwe shutdown: What is behind the protests? - BBC News 2016-07-12T04:00:00Z Results were also dampened by a switch to reporting in U.S. dollars from South African rand and impairment losses, largely from investments in Nigeria, Brazil and South Africa. Naspers’ Video-Entertainment Business Hit by Weaker Currencies 2016-06-27T04:00:00Z Own goals, like a new visa regime that makes it harder for tourists to take advantage of the cheap rand, are depressingly common. In need of an opposition 2016-06-15T04:00:00Z The Turkish lira and Brazilian real ended June 3rd over 1.5% stronger than the day before; the Russian rouble gained over 2%; and the South African rand climbed by over 3%. The Fed’s tributaries 2016-06-09T04:00:00Z Zuma has been wounded by months of scandals, including the sacking of two finance ministers in four days in December which rocked the markets and saw the rand currency plummet. Brawl erupts in South African parliament as opposition party ejected 2016-05-17T04:00:00Z In 2009 the government scrapped the currency, leaving US dollars and South African rand as the main notes and coins in circulation. Zimbabwe’s trillion-dollar note: from worthless paper to hot investment 2016-05-14T04:00:00Z A 25 percent fall in the rand in 2015 has also helped this process. Sports event ban clouds South Africa's tourism revival 2016-05-06T04:00:00Z The rand has lost about 15% of its value against the dollar in the past year; over the past five years it has halved. In need of an opposition 2016-06-15T04:00:00Z It also announced that 40% of dollar receipts from exports will be converted into the South African rand and 10% into the euro. Zimbabwe's Cash Supply Dwindles Amid Economic Crisis 2016-05-05T04:00:00Z Since then Zimbabweans have been using the dollar as well as a number of other foreign currencies including the South African rand and the Chinese yuan. Zimbabwe to print own version of US dollar - BBC News 2016-05-05T04:00:00Z In December, President Jacob Zuma replaced the country’s finance minister twice in a four-day period, sending South Africa’s rand currency plunging to all-time lows against the U.S. dollar and British pound. Starbucks Opens First Store in South Africa 2016-04-21T04:00:00Z A weak rand and a government U-turn on restrictive visa rules are helping South Africa's tourism sector to stage a strong recovery after a shaky 2015. Sports event ban clouds South Africa's tourism revival 2016-05-06T04:00:00Z Despite some political troubles, things started to improve for emerging markets in mid-January and currencies such as the Russian ruble, Brazilian real and South African rand are now all up strongly against the dollar. Emerging Markets: Shareholders Buy What Customers Don’t at This Fund Manager 2016-04-19T04:00:00Z Then Mr. Zuma tried to replace trusted Finance Minister Nhlanhla Nene with an inexperienced political ally, before reversing course three days later after the country’s rand currency plummeted to record lows. South Africa’s Parliament Declines to Impeach Zuma 2016-04-05T04:00:00Z He wants to encourage people to make greater use of the rand since a large portion of Zimbabwe's trade is with South Africa. Zimbabwe to print own version of US dollar - BBC News 2016-05-05T04:00:00Z South Africa's rand currency weakened ahead of the vote, and following a warning by the central bank on Monday night that the risk of a credit ratings downgrade had increased. South Africa's Zuma faces impeachment vote as ANC reaffirms support 2016-04-05T04:00:00Z The move crashed the stock market and the national currency, the rand. South Africa's president faces accusations of corruption 2016-03-21T04:00:00Z Markets opened Wednesday with the South African currency at 16 rand to $1, a low not seen since December when the country shuffled three finance ministers in one week. South Africa's currency has weakened amid a public dispute between the country's finance minister and police investigators 2016-03-16T04:00:00Z The rand has fallen by 30 percent against the dollar in the past two years. South Africa’s gold industry, like its economy, is crumbling 2016-03-07T05:00:00Z Declining currencies—particularly the South African rand—and slowing growth in its main markets have further diminished Barclays Africa’s allure. Capital in fetters 2016-03-03T05:00:00Z "If we get enough rain now it would be about 6 or 7 billion rand. The medium-range scenario is about 12.5 billion rand," he told Reuters on the sidelines of the conference. South Africa farms may need $1.15 billion to recover from drought - industry group 2016-03-02T05:00:00Z Almost two-thirds of whites spend more than 10,000 rand, around $625, on their monthly living costs, compared with 8 percent among blacks, sometimes described as an emergent middle class. Raw Tensions Over Race Fester in South Africa 2016-03-01T05:00:00Z One million rand is equivalent to about $62,500. U.S.-Owned Plane Carrying Corpse and Cash Is Impounded in Zimbabwe 2016-02-15T05:00:00Z Zimbabwe aviation authorities have impounded a US-registered cargo jet with a dead body and millions of South African rand reportedly on board. Jet impounded after body and millions in cash reportedly found on board 2016-02-15T05:00:00Z At today’s exchange rate, 1 million rand is worth $62,500. US plane impounded in Zimbabwe; body and cash found on board 2016-02-15T05:00:00Z At today's exchange rate, 1 million rand is worth $62,500. Zimbabwe impounds US-registered cargo jet at Harare airport, state media reports body and cash found on board 2016-02-15T05:00:00Z Gondwe said the program this financial year would cost 54 billion kwacha instead of an original estimate of 40 billion, plus an additional 8 billion rand for seeds. In southern Africa, an illusion built on aid heralds hope and hunger 2016-02-07T05:00:00Z In December, Mr. Zuma rattled financial markets and credit rating agencies and caused the South African rand to plummet after naming a little-known lawmaker to the critical job of finance minister. Jacob Zuma, South African Leader, to Repay Part of Money Spent on His Home 2016-02-03T05:00:00Z At Monday’s exchange rate, 1 million rand is worth £43,866. Jet impounded after body and millions in cash reportedly found on board 2016-02-15T05:00:00Z Who’s calling a stronger rand for the next nine months in this country? Miners Digging Deeper Hole for Platinum 2016-02-01T05:00:00Z Its currency, the rand, has lost more than a quarter of its value against the dollar in the past six months. Barclays’s New CEO Beats a Retreat in Africa 2016-01-18T05:00:00Z These global multinationals just seem to continue to do well despite a fragile local economy and the weakening rand.” Anheuser-Busch InBev Starts Trading on Johannesburg Stock Exchange 2016-01-15T05:00:00Z On Monday, the South African rand fell by 10 percent compared to the U.S. dollar, reaching an all-time low before recovering some ground and ending the day at 16.57 rand per dollar. China’s slowdown, financial mayhem cast long shadow across world 2016-01-11T05:00:00Z JOHANNESBURG—South Africa’s rand collapsed to record lows on Monday, underscoring fresh threats to already weak currencies across a continent buffeted by Chinese volatility and a punishing realignment of global trade and investment. South African Rand Collapses, Underscoring Threats to Continent’s Currencies 2016-01-11T05:00:00Z Because miners’ expenses are largely in the local currency and their sales are in U.S. dollars, a weaker rand means better returns for platinum sold abroad. Miners Digging Deeper Hole for Platinum 2016-02-01T05:00:00Z That was of particular significance for the South African rand, which wasn't helped by the debacle of switching finance ministers not once, but twice in December. Africa's economic prospects in 2016: Looking for silver linings - BBC News 2016-01-08T05:00:00Z The Brazilian real, South African rand and Turkish lira will also weaken, he added. China’s Financial Growing Pains Caused World of Hurt in 2015 2015-12-30T05:00:00Z The rand has seen dramatic declines twice in the last two decades — in 2001 and 2008 — but both times it rebounded quickly thanks to an increase in Chinese demand and the growth of commodity prices. China’s slowdown, financial mayhem cast long shadow across world 2016-01-11T05:00:00Z The rand plunged 10% to almost 18 to the U.S. dollar in early trading, before recovering some losses to trade at a historic low of 16.57. South African Rand Collapses, Underscoring Threats to Continent’s Currencies 2016-01-11T05:00:00Z Growth is slowing and the rand crashed to record lows this month as President Zuma fumbled the appointment of a new finance minister. In Cape Town, a Luxury Hotel Goes to the Dogs 2015-12-30T05:00:00Z The December maize contract, which expired on Wednesday, closed at 4,160 rand a ton, almost double its closing levels last year, according to Thomson Reuters' data. Southern Africa faces food shortages as El Nino drought worsens: FAO 2015-12-23T05:00:00Z It then started using a slew of foreign currencies, including the US dollar and the South African rand. Zimbabwe to make Chinese yuan legal currency after Beijing cancels debts 2015-12-21T05:00:00Z South Africa’s currency, the rand, plunged Monday after stocks once again sold off in China, which is the country’s largest trading partner. China’s slowdown, financial mayhem cast long shadow across world 2016-01-11T05:00:00Z The rand has lost 30% of its value in the six months since Chinese market turmoil began, sending investors fleeing from the assets of developing nations that trade heavily with the world’s second-biggest economy. South African Rand Collapses, Underscoring Threats to Continent’s Currencies 2016-01-11T05:00:00Z That appointment caused panic in the markets and saw the rand plunge to record lows. South Africa's finance minister fiasco - BBC News 2015-12-18T05:00:00Z It scaled a record high of 4,250 rand a ton on Monday. Southern Africa faces food shortages as El Nino drought worsens: FAO 2015-12-23T05:00:00Z Still, there is been one upside for mining companies here: the ever-weaker South African rand, since miners’ expenses are largely in the local currency and their sales in U.S. dollars. Anglo American Job Cuts Strike at Core of South Africa’s Mining Industry 2015-12-15T05:00:00Z The decline in the value of the rand could make it more expensive for South Africans to buy goods and services and harder to pay debts. China’s slowdown, financial mayhem cast long shadow across world 2016-01-11T05:00:00Z The next day the rand slumped even further to 16 rand to $1. Economic chaos, political wrangling as South Africa appoints third finance minister in a week 2015-12-14T05:00:00Z Even so, the moves in the South African rand are more akin to whiplash. South Africa’s Finance Minister Drama Masks Deeper Problems 2015-12-14T05:00:00Z His appointment sparked widespread outrage and a slump in the rand to a historic low of more than 16 to the U.S. dollar. South African President’s Rare Reversal Relieves Rand Market 2015-12-14T05:00:00Z GMT03:52 Rand rallies as South Africa gets another new finance minister South Africa’s currency, the rand, has surged overnight after the country got its third finance minister in a week. FTSE hits three year low amid falling oil and Fed Week jitters – business live 2015-12-14T05:00:00Z The country has faced a major drought recently and will likely have to import more food than it usually does — but a less valuable rand will make those imports expensive in some cases, analysts say. China’s slowdown, financial mayhem cast long shadow across world 2016-01-11T05:00:00Z The shock announcement restoring Gordhan to the post sent the rand surging nearly 5% on Sunday evening, but failed to quell a tide of criticism of the president. President Zuma hires South Africa's third finance chief in a week 2015-12-13T05:00:00Z The rand weakened further to a new record low on Friday, down more than 3%. Stock markets sink as oil keeps sliding - BBC News 2015-12-11T05:00:00Z The rand is down around 27% against the greenback amid a broad selloff in emerging market currencies in the face of lower commodity prices. South Africa’s Rand Falls to Record Lows After Finance Minister’s Dismissal 2015-12-11T05:00:00Z South Africa’s currency, the rand, has surged overnight after the country got its third finance minister in a week. FTSE hits three year low amid falling oil and Fed Week jitters – business live 2015-12-14T05:00:00Z The rand hit a record low Thursday after President Jacob Zuma fired his respected finance minister with no explanation. Fed Has Africa’s Central Bankers in Tight Spot 2015-12-11T05:00:00Z Firms with interests in South Africa continued to suffer after the rand hit a record low following the sacking of the country's finance minister. FTSE 100 lower as Sports Direct falls further - BBC News 2015-12-11T05:00:00Z South Africa’s financial markets were in shock Thursday after President Jacob Zuma abruptly fired his finance minister, triggering a rapid slide in the currency, the rand. South African president fires respected finance minister; rand and markets tumble 2015-12-10T05:00:00Z Friday’s rand slide caps a miserable year for South Africa’s currency. South Africa’s Rand Falls to Record Lows After Finance Minister’s Dismissal 2015-12-11T05:00:00Z Meanwhile, the South African rand fell sharply against the dollar Thursday after President Jacob Zuma unexpectedly fired the country’s respected finance minister Wednesday. Global Stocks Little Changed as Investors Eye Oil Price, Fed Rate Decision 2015-12-10T05:00:00Z Four rate increases over the past two years have so far failed to stop the rand from shedding 44% of its value against the dollar. Fed Has Africa’s Central Bankers in Tight Spot 2015-12-11T05:00:00Z On Thursday, the rand was hovering around 15 to the dollar. South African currency weakens to a record low after finance minister is fired 2015-12-10T05:00:00Z The South African currency sank to a record low after the announcement, reaching 15.3857 rands to the dollar late Wednesday. South African president fires respected finance minister; rand and markets tumble 2015-12-10T05:00:00Z The rand fell to below 15 to the dollar on Thursday morning and stock prices also fell in Johannesburg as trading began, Reuters reports. South Africa's rand falls after Finance Minister Nene sacked - BBC News 2015-12-10T05:00:00Z South Africa's currency, the rand, recently dropped to new lows against the U.S. dollar, closing Wednesday at 14.52 rand to $1. South African president fires finance minister as currency drops 2015-12-09T05:00:00Z "If they win that battle, eventually there will be no poaching, and I won't have to spend $40 million rand a year on security and I can just get on with my business." Debate over rhino horn trade ramps up as South Africa ban is lifted 2015-11-26T05:00:00Z He also acknowledged there was no guarantee the hike would boost the rand, which fell to record lows of beyond 14 to the dollar this month. South Africa Raises Interest Rates to Protect Currency 2015-11-19T05:00:00Z The rooibos industry, which also produces skincare and household products, earns an estimated 500 million rand, or $35 million. Red lattes and teas may be scarce and spendy as rooibos suffers from drought 2015-11-19T05:00:00Z “If a gangster comes and says, ‘young man, I can give you 100,000 rand if you go to the bush and bring me a horn’, he will go because of poverty. Thousands of rhinos, 500 poachers; grim toll in the hunt for prized horns 2015-10-17T04:00:00Z The Russian ruble, Turkish lira, and South African rand all gained against the buck. Global Stocks Climb as Investors See No Fed Rate Rise on Lackluster U.S. Data 2015-10-15T04:00:00Z South Africa is the world's second-largest citrus exporter, a 9 billion rand industry, and the northern Limpopo region which accounts for a third of the crop is under water restrictions, industry sources say. African crops, economies at risk as El Nino threatens to scorch and soak 2015-10-02T04:00:00Z Mexico’s peso fell to a record low Thursday as Turkey’s lira and South Africa’s rand continued to tread close to their weakest levels on record. Emerging Markets Go From Bad to Worse 2015-09-25T04:00:00Z At spot prices buoyed in rand terms by the weakening currency, that means the operations look cash neutral at best to 2020. A Platinum Play That Will Take Time to Pay 2015-09-09T04:00:00Z With the rand at record lows, South Africa is cheerfully cheap to visit, too, for travellers with dollars or euros in their pockets. Beware of good intentions 2015-09-03T04:00:00Z A few customers will undoubtedly default, starting with firms which borrowed in dollars but relied on income in ringgit, rand or rupiah to meet repayments. Emerging troubles 2015-09-03T04:00:00Z The company reported a loss of 3.66 billion rand in the year to June 30, a turnaround from a profit of 8 million rand the previous year, in line with expectations. Impala Platinum To Raise Cash to Repair Finances 2015-09-03T04:00:00Z The Russian ruble, the Turkish lira and the South African rand all rose against the U.S. dollar. Global Markets Continue to Recover 2015-08-27T04:00:00Z Some emerging-market currencies, like the Brazilian real, South African rand and Indian rupee, strengthened slightly against the dollar. U.S. Stocks Come Charging Back 2015-08-26T04:00:00Z It estimated that South Africa would lose 100,000 tourists this year, translating into 1.4 billion rand in lost tourist spending. Beware of good intentions 2015-09-03T04:00:00Z Many African countries use the CFA franc that is pegged to the euro, while a few choose to peg the South African rand. Traders Increase Bets Against Yuan 2015-08-25T04:00:00Z The cost to produce an ounce of platinum rose only 3.9% to $1,947, given the rand was an average of 10% weaker over the fiscal year compared with the previous year. Impala Platinum To Raise Cash to Repair Finances 2015-09-03T04:00:00Z In South Africa, the rand currency on Monday plummeted to all-time lows of beyond 14 to the dollar. Emerging Markets Hit Hard as Global Rout Continues 2015-08-24T04:00:00Z On Monday, the financial newspaper Business Day reported that the rand plunged to 14 rand to the dollar before recovering slightly as the day continued. South African currency hits record lows against the US dollar as emerging markets struggle 2015-08-24T04:00:00Z It briefly hit a rate of 14 rand to the dollar amid concerns about the strength of the Chinese economy, reports the Reuters news agency. South Africa rand hits all-time low against the dollar - BBC News 2015-08-24T04:00:00Z The South African rand fell this week to a 14-year-low against the U.S. dollar. Sinking currencies reflect fear over emerging economies as China slows and Fed mulls rate hike 2015-08-21T04:00:00Z Also on Thursday, Vietnam devalued the dong, and currencies as far afield as the Brazilian real and the South African rand started to skid. Kazakhstan’s Currency Plunges 2015-08-20T04:00:00Z Yet South Africa’s central bank is all but powerless to intervene, raising rates last month to bolster the rand despite economic distress. Emerging Markets Hit Hard as Global Rout Continues 2015-08-24T04:00:00Z Economist Richard Downing said domestic factors, such as a rudderless economic policy, labor strikes and a neglected manufacturing sector, made the South African rand even more vulnerable to international currency fluctuations. South African currency hits record lows against the US dollar as emerging markets struggle 2015-08-24T04:00:00Z Houses in townships sell for a shade under 340,000 rand, about a third of the average for all homes in big cities. Trendy townships 2015-08-20T04:00:00Z The Indian rupee, Indonesian rupiah and South African rand also weakened against the buck. Stock Markets Slip as Fed Officials Remain Divided on Interest Rate Rise 2015-08-20T04:00:00Z As a result, people have grown used to using rand coins as change—or making other workarounds, with stores giving out sweets and gum as change, for instance. Change Comes to Zimbabwe, Replacing U.S. Nickels and Dimes 2015-08-19T04:00:00Z There is a price for everything—even currencies such as the South African rand and the Russian rouble, which investors currently see no merit in. A few dollars less 2015-07-16T04:00:00Z Business Day said the rand was the worst affected among 25 emerging market currencies struggling as China's economy weakened. South African currency hits record lows against the US dollar as emerging markets struggle 2015-08-24T04:00:00Z Zimbabwe in 2009 abandoned its currency for the U.S dollar and the South African rand after inflation hit 230 million percent. Zimbabweans trade in old currency for peanuts 2015-06-16T04:00:00Z Zimbabwe in 2009 abandoned its currency for a system dominated by the U.S dollar and the South African rand after inflation hit 230 million percent. Count the zeroes: Zimbabwe allows old banknote exchange 2015-06-12T04:00:00Z Kempton Gurajene, another street vendor, said his business importing household goods from South Africa has grown more complicated due to the rand’s collapse against the dollar. Change Comes to Zimbabwe, Replacing U.S. Nickels and Dimes 2015-08-19T04:00:00Z Though impala were the most popular game, with 5,700 shot, lions brought in the highest revenue at 122 million rand. Lion hunters warn U.S. conservation rules could backfire 2015-06-11T04:00:00Z The government hopes it will generate nearly 500 billion rand a year by the end of the decade and create 225,000 new jobs. South African tourism stung by anti-immigrant violence 2015-04-30T04:00:00Z The outages have damaged the country’s reputation with investors and led to a tumble in the value of rand. South Africa suspends officials amid anger over power outages 2015-03-12T04:00:00Z The U.S. dollar is people’s primary choice, but euros and South African rands are also popular. Greece's Monetary Options 2015-02-26T05:00:00Z Since then, consumers have had to use U.S. dollars for larger purchases and rand coins from neighboring South Africa for smaller ones. Change Comes to Zimbabwe, Replacing U.S. Nickels and Dimes 2015-08-19T04:00:00Z The budget also included spending cuts of 25bn rand over the next two years, while maintaining core social and economic programmes. South African budget raises taxes 2015-02-25T05:00:00Z Many investors are foreigners capitalising on the weaker South African rand. Cape Town adjusts to changing market 2015-02-06T05:00:00Z A year later the Zimbabwean dollar was abandoned, to be replaced by a basket of currencies, including the US dollar, South African rand, the Botswana pula and the Chinese yuan. The woes of Zimbabwe's small firms 2015-02-04T05:00:00Z In 2008 it suffered a rash of blackouts that cost the country billions of rand. Unplugged 2014-12-30T05:00:00Z He charges two rand, which is worth about 16 U.S. cents today but possibly less tomorrow, Mr. Runzero and his peers reckon. Change Comes to Zimbabwe, Replacing U.S. Nickels and Dimes 2015-08-19T04:00:00Z International undergraduates attending the University of Cape Town paid just 70,000 rand, or around $6,200, for annual tuition in 2014. 4 Ways to Narrow an International College Search 2014-11-14T05:00:00Z The South African rand and Turkish lira look likely to fall further since both still combine big current-account gaps with high inflation. The dodgiest duo in the suspect six 2014-11-06T05:00:00Z The rand fell slightly against the dollar in morning trade on Wednesday. South Africans face power outages 2014-11-05T05:00:00Z He also told how the athlete known as the “Blade Runner” had sold his last asset, a car, for 375,000 rand and paid the money into the trust account of June Steenkamp’s lawyer. Reeva Steenkamp’s parents received payments from Pistorius, court told 2014-10-14T04:00:00Z An antique dealer told the court she exchanged $1,100 for Dewani, giving him 10,200 rand in return with the exchange rate being 6.8 to the dollar at the time. Shrien Dewani’s bisexuality irrelevant to murder charge, judge says 2014-10-14T04:00:00Z Following the announcement, the rand strengthened to a session high of 11.2590 against the dollar, after recently dropping to a six-month low. Rand rises as SA bank boss is named 2014-10-06T04:00:00Z Dewani sought his help in exchanging money to local currency and organising a private helicopter flight for 15,000 rand in cash. Shrien Dewani describes carjacking as murder trial begins in South Africa 2014-10-06T04:00:00Z The Akrikaner community's totem is the "the little giant", a man with rolled-up sleeves who features in the flag and the local currency, the Ora which is pegged to the South African rand. Inside South Africa whites-only town 2014-10-05T04:00:00Z To sweeten the deal the central bank will buy the worst loans, albeit for barely 40% of their face value of 17 billion rand. Payday mayday 2014-08-14T04:00:00Z Workers in gold mines and industries such as forestry and farming, where the minimum wage is below 2,500 rand, are also demanding 12,500. Up the creek 2014-07-31T04:00:00Z The second is that the South African rand remains weak after losing 6.9% of its value this year alone. Rand rises as SA bank boss is named 2014-10-06T04:00:00Z Its shares finished down 2.3 percent at 1,300 rand on Wednesday, hit by a bout of profit-taking after touching a record high last week. S.Africa's Naspers to reinvent itself, again, for mobile 2014-07-09T04:00:00Z The Palazzo meeting produced an "in principle" deal to increase basic wages by 1,000 rand a month, a hike equivalent to nearly 20 percent for most workers. How politics nearly ruined deal to end S.Africa's longest strike 2014-07-07T04:00:00Z But the rapaciousness of lenders is too: one miner was recently found to owe 20,000 rand on an initial loan of 1,000 rand. Payday mayday 2014-08-14T04:00:00Z For years the rand, a model for financial stability, hovered around 6 to 7 rands per dollar. South Africa's Major Problems: Youth Unemployment and Economic Inequality 2014-07-02T04:00:00Z However the basic salaries of the lowest-paid workers will broadly rise by 1,000 rand a month over three years and staff will also receive additional benefits such as pension, housing and health insurance. South African miners agree wage deal 2014-06-24T04:00:00Z South Africa’s currency, the rand, fell 18% and the Indonesian rupiah, the last of the fivesome, lost 15.9% against the dollar. Indian Equities Looking Unstoppable 2014-06-05T04:00:00Z When a week of talks ended on June 6, the only outstanding issue was over a 400 rand/month 'living out allowance' for workers opting out of company accommodation, he told Reuters. How politics nearly ruined deal to end S.Africa's longest strike 2014-07-07T04:00:00Z New unsecured loans nearly trebled from 30 billion rand in 2008 to 86 billion last year. Payday mayday 2014-08-14T04:00:00Z Now it is more than 10 rands to the dollar. South Africa's Major Problems: Youth Unemployment and Economic Inequality 2014-07-02T04:00:00Z The South African rand also hit a two-month low of 10.6960 to the dollar on Thursday, hurt by a recent raft of weak data. Nikkei leads gains in Asian shares after solid U.S. data 2014-06-03T04:00:00Z Maseko is already driving cost cuts worth an annual 1 billion rand for the next five years in an attempt to turn the state-controlled operator around. South Africa's Telkom takes second shot at IT firm BCX, offers $256 million 2014-05-22T04:00:00Z "Industrial relations remain an increasing challenge and risk in South Africa's mining industry with the platinum sector losing billions of rand in revenue to wage strikes since 2011," Mr Magara said. Lonmin profit plunges on mine strike 2014-05-12T09:46:37Z Mohammed's new delivery business just covers the 10,000 rand monthly rent and school fees for his children in Pakistan but he has been hit by rising crime. Ghost towns haunt South Africa's strike-hit platinum belt 2014-04-04T06:04:22Z The fluctuating rand is the least of these problems. South Africa's Major Problems: Youth Unemployment and Economic Inequality 2014-07-02T04:00:00Z Attaining the highest level of military security would mean regular annual funding of 116 billion rand or 3.3 percent of GDP, the review added. Exclusive: South African military in 'critical decline', review says 2014-03-25T14:11:35Z Shares of Pinnacle, which manufactures and distributes information technology hardware and software, tumbled 18 percent on the news, to 16.40 rand by 1016 GMT. Director of South Africa IT firm charged with attempted police bribe 2014-03-25T10:33:24Z The market capitalization of the JSE, the continent's most active bourse, is just over 9 trillion rand. Ecobank 'grew too fast', says top shareholder 2014-03-12T18:52:41Z Exports from Africa's largest economy and its rand currency are also vulnerable. Ghost towns haunt South Africa's strike-hit platinum belt 2014-04-04T06:04:22Z Earnings were lifted by a weaker rand currency and higher chemical prices. UPDATE 1-Sasol keen for piece of S.Africa shale gas action 2014-03-10T15:44:52Z "This achievement was on the back of a strong operational performance from our global businesses, coupled with a 19 percent weaker average rand/US dollar exchange and improved chemical prices," the company said. Sasol H1 earnings up, ethylene project commissioned 2014-03-10T06:44:13Z This drag may linger: in January the lira and rand tumbled in Turkey and South Africa, two biggish markets for Vodafone. Business in emerging markets: Emerge, splurge, purge 2014-03-06T16:01:17Z At that time, factories and mines were forced to close, leading to a credit ratings downgrade for South Africa, a sell-off of the currency, the rand, and an outflow of investment. Power blackouts hit South Africa 2014-03-06T13:02:05Z "Since we don't have rands, we have to take care of the cents," said salon and food store owner Maria Marumong. Ghost towns haunt South Africa's strike-hit platinum belt 2014-04-04T06:04:22Z Operating profit was hit by one-off items including a 5.3 billion rand impairment on Canadian shale assets prompted in part by poor prices in the North American gas market. UPDATE 1-Sasol keen for piece of S.Africa shale gas action 2014-03-10T15:44:52Z The stock hit a record 1,304.40 rand as recently as February 19. South Africa's Naspers ups its bet on e-commerce with new CEO 2014-02-22T10:57:35Z However, that survey was mainly conducted before currencies from the rand to the rouble tumbled on concerns about reduced growth and a shrinking of cheap money due to U.S. monetary tightening. Fed to shed light on frozen U.S. economy 2014-02-16T19:04:26Z The Turkish lira and the South African rand have been grinding steadily higher for the past two weeks. Yellen, upbeat China trade report buoy risk assets 2014-02-12T03:00:43Z The yen fell against every major currency last year excluding the South African rand, helping to push up car sales to key markets such as North America. Sharp increase in Nissan profits 2014-02-10T10:30:52Z Sasol said it expected a slight strengthening in the rand, which would hurt earnings for the rest of the financial year. UPDATE 1-Sasol keen for piece of S.Africa shale gas action 2014-03-10T15:44:52Z The rand is more commonly used in Bulawayo, closer to the South African border - and cashiers check daily exchange rate for conversions. Zimbabwe’s multi-currency confusion 2014-02-06T00:28:20Z Currencies in emerging markets also bounced from recent lows with the Turkish lira, Brazilian real and South African rand all gaining. Asia shares get reprieve, Nikkei bounce muted 2014-02-05T01:10:33Z Emerging market currencies like the Turkish lira, Hungarian forint and South African rand all strengthened against the U.S. currency. American Stocks Stabilize After Global Weakness 2014-02-04T12:18:19Z Meanwhile, a recent bout of whipsaw trading in emerging-market currencies continued, with the South African rand and Hungarian forint tumbling versus the dollar. U.S. Stocks Open Sharply Lower 2014-01-31T14:37:21Z Turmoil in emerging markets eased on Thursday as the hard-hit Turkish lira and South African rand rebounded. Wall Street rallies on Facebook and GDP; Amazon sinks late 2014-01-31T01:17:34Z For the last five years most people have been using US dollars or South African rand, but pula from Botswana and British pound sterling have also been changing hands. Zimbabwe’s multi-currency confusion 2014-02-06T00:28:20Z Thursday's record trading volume represented about 22 percent of Adcock's shares, with most trading at Bidvest's offer price of 70 rand a share, according to the exchange and Thomson Reuters data. UPDATE 1-S.Africa's Bidvest lifts Adcock stake in buying spree 2014-01-30T19:15:13Z The 12,500 rand demand is more than double the basic entry-level wage. Potatoes for a week: a South African platinum miner on strike 2014-01-30T16:27:35Z The number of Turkish lira or Argentine pesos it costs to buy a dollar are both near record highs, and the South African rand is at its weakest since 2008. Global Markets Slip After Fed’s Decision on Stimulus 2014-01-30T10:56:10Z Indeed, when South Africa's central bank surprised by lifting its rates half a percentage point investors reacted by dumping the rand. Asia shares in retreat from risk, yen gains 2014-01-30T00:30:43Z The South African rand was also down, despite the country's central bank raising interest rates Wednesday. U.S. Stocks Drop as Emerging Markets Extend Slide 2014-01-29T18:21:19Z Some analysts said the rate increase in South Africa was designed more to control inflation than to underpin the rand. Measures Meant to Defend Currencies Backfire 2014-01-29T17:32:27Z But the management maths cuts little ice with the likes of Mulutsi, who says it will take 11 years to reach 12,500 rand a month if he accepts the companies' latest offer. Potatoes for a week: a South African platinum miner on strike 2014-01-30T16:27:35Z Emerging market currencies including the Turkish lira, South African rand and Indian rupee fell again. Global Markets Slip After Fed’s Decision on Stimulus 2014-01-30T10:56:10Z Better to keep it simple, he said, and steer clear of currencies with four letters: the Mexican peso, the South African rand, the Brazilian real and, of course, the Turkish lira. ‘Fragile Five’ Is the Latest Club of Emerging Nations in Turmoil 2014-01-29T01:41:19Z Elsewhere, the South African rand hit five-year low while the Russian rouble hit an all-time low against the euro on Monday. Asian shares pinned at five-month lows, Turkey in spotlight 2014-01-28T03:14:58Z Similar but much subtler action by the South African central bank, which increased the benchmark interest rate to 5.5. percent from 5 percent, also failed to prevent a decline in the rand currency. Measures Meant to Defend Currencies Backfire 2014-01-29T17:32:27Z The rouble and the rand also languished at levels not seen since the 2008-2009 financial crisis. Emerging market policymakers move to allay currency concerns 2014-01-25T06:23:25Z The Turkish lira hit a record low and the South African rand hit a five-year low against the dollar. Wall Street Sinks as Investors Retreat From Emerging Markets 2014-01-24T15:08:00Z For example, South African government debt was slightly positive in rand terms in 2013. Rout in emerging markets may only be in Phase One 2014-01-24T14:06:11Z The strike and fears of unrest hit the rand, pushing it through the psychologically key 11.0 to the dollar to levels last seen five years ago. Striking South African miners meet with platinum firms 2014-01-24T09:51:11Z But Mr. Mackay recognized that South African exchange controls and a depreciating rand constrained the company’s ambitions. Graham Mackay, who helped turn South African brewery into global titan, dies at 64 2013-12-20T16:58:21Z The rupee, Brazilian real, rouble and rand all fell more than 1 percent to the dollar. Emerging market policymakers move to allay currency concerns 2014-01-25T06:23:25Z The government borrowed 30bn rand to build the state-of-the-art system in time for the 2010 football World Cup and now wants motorists to repay the massive bill. Mandela memorial: From 'rainbow nation' to 'rain boo nation' 2013-12-11T15:21:40Z The poor of the town beg at shop entrances or ask for a few rand as they direct cars into parking spaces. Mandela remembered in Terreblanche stronghold 2013-12-09T16:24:34Z The 215 million rand spent on Zuma's home is in stark contrast to state money spent on improving the security of previous South African presidents, the Mail and Guardian said. 'Security' swimming pool lands South Africa's Zuma in hot water 2013-11-29T14:37:10Z In comparison, the 215 million rand spent on Zuma's home is in stark contrast to state money spent on improving the security of previous South African presidents, the Mail and Guardian said. 'Security' swimming pool lands South Africa's Zuma in hot water 2013-11-29T07:40:58Z Shares in the South African drug maker closed at 267.40 rand on Tuesday. GlaxoSmithKline completes sale of Aspen shares, raising $694 million 2013-11-20T07:14:07Z |
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