Search Results: "rand"
02:36Added 374 Views / 0 Likes
South Africa and other emerging market currencies fell sharply on Tuesday, after China moved to devalue its currency. China's move followed the release of weaker than expected trade data. The Rand has slumped to 12.80 against the dollar, its worst level i
02:27Added 292 Views / 0 Likes
The South African rand continues to fall and hits a five year low against the dollar, Johannesburg is playing the "cheaper destination" card and trying to lure more international tourists to boost the economy.
02:30Added 217 Views / 0 Likes
Local consumers and businesses in Zimbabwe are abandoning the South African Rand...as the currency continues to depreciate against the US Dollar. The Rand was introduced as legal tender alongside the US dollar in 2009 when Zimbabwe abandoned its own curre
03:26Added 177 Views / 0 Likes
South Africans are in for more pain as the local currency is expected to remain weak for some time. The Rand has plunged to levels never seen before. The currency spent most of 2015 in weaker territory but it was in December when the Rand took a sharp div