Cyril Ramaphosa — News Archive

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South African Rand Jumps as ANC Heads to Victory in Election

The South Africa rand jumped against the US dollar today on the positive outcome of the national election.

South African Rand Slumps As Government Warns of ‘Catastrophe’ Without Land Reform

The South African rand is sliding to its lowest level in more than a week after the government warned of a national “catastrophe” should its controversial land reform program fail to take place. South Africa has been under the spotlight in recent months after domestic leaders have been pressing land reform as a way to eliminate inequality and facilitate racial justice, something that has drawn international support.

South African Rand Reaches 12 per Dollar for First Time Since 2015

Today, the South African rand reached the 12 per dollar level for the first time since May 2015. That happened thanks to the growing optimism about the future of the country’s economy as well as due to the general risk-positive market sentiment.

Rand Continues to Rise, Analysts Expect Rally to Lose Steam

The South African rand continued to rise today, extending its rally caused by the Monday’s voting for the leadership of the ruling African National Congress.

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