South African rand edges up
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The South African rand weakened against a stronger dollar on Thursday, with investors focused on the G20 meeting of finance chiefs in the country's coastal city of Durban.
The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa
The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.
JOHANNESBURG: The South African rand was softer in early trade on Monday as investors mulled over U.S. President Donald Trump’s latest tariff threats. At 0627 GMT the rand traded at 17.96 against the dollar , about 0.1% weaker than Friday’s close.
Convert South African Rand To British Pound Sterling 1 ZAR = 0.041797 GBP Jul 17, 2025 21:03 UTC Check the currency rates against all the world currencies here.
South Africa’s currency is on track for its biggest weekly gain of 2023, following Thursday’s larger-than-expected interest rate hike. For Nomura, this is just the beginning of the rally.
South Africa's Vodacom Group said on Friday its proposed acquisition of a 30% stake in fibre network operator Maziv could value the target company at up to 36 billion rand ($2 billion) after agreeing revised terms.