South Africa, Trump and tariff
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South Africa's rand held on to early gains on Thursday after better-than-expected manufacturing data, while investors kept a close tab on trade negotiations in =the wake of U.S. President Donald Trump's latest tariff threats.
SA carmakers in hot water: Since January, thousands of vehicles have been recalled by car manufacturers due to safety concerns, prompting scrutiny of South Africa’s consumer protection standards. The National Consumer Commission (NCC) has received numerous reports from major carmakers like Toyota, Volkswagen (VW), and Volvo. [ Business Day]
The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa
Convert South African Rand To Mozambican Metical 1 ZAR = 3.592774 MZN Jul 09, 2025 22:35 UTC Check the currency rates against all the world currencies here.
Despite some volatility in global oil markets, a resilient rand is keeping petrol price recoveries in check, supporting potential cuts in August.
A review of South Africa’s inflation target by the National Treasury and the nation’s central bank is close to completion, Governor Lesetja Kganyago said.
The South African Rand (ZAR) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT.
Convert South African Rand To Zimbabwean Dollar 1 ZAR = 18.155751 ZWL Jul 10, 2025 10:50 UTC Check the currency rates against all the world currencies here.
Standard Bank CEO’s message about BEE: Standard Bank CEO Sim Tshabalala says South Africa is overregulated but believes black economic empowerment (BEE) should be adjusted, not abolished. He acknowledged BEE has led to unintended consequences and corruption, but emphasised the problem lies in its implementation, not the concept itself. [ News24]