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Rand Gains on News About Possible End to President Zuma’s Rule

The South African rand gained on the US dollar today after news broke out that President Jacob Zuma, who was in power since 2009, may lose his post.

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.

South African Rand Gains as Traders Wait for ANC Leadership Vote Results

The South African rand gained against the US dollar today ahead of the results of voting for the country’s ruling party leadership.

Rand Gains on Dollar Despite Slowing South African Inflation

The South African rand gained on the US dollar today even though nation’s inflation slowed last month more than was expected by analysts.

South African Rand Jumps More Than 2%

The South African rand jumped more than 2% versus the US dollar today after plunging 2% on Friday. The rand reached the highest level in a month and demonstrated the biggest jump in more than eight months. The moves of the currency was a reaction to decisions of rating agencies.

South Africa Crashes on Ramaphosa Speculation

While the political turmoil in Spain took the spotlight in the news, other countries around the world were not immune to their share of problems in politics. South Africa was one of such countries, and that sent the South African Rand crashing down against the US dollar.

Rand Gains as South African Economy Exits Recession

The South African rand gained against the US dollar today as the country’s economy exited its second recession in almost a decade.

South African Rand Firm Despite Interest Rate Cut

The South African rand rallied today despite yesterday’s surprise interest rate cut from the nation’s central bank.

South African Rand Drops as Zuma Resists Calls to Step Down

The South African rand fell against the US dollar today after President Jacob Zuma resisted calls to step down, supported by his party.

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