Rand Breaches R17/$ for the First Time Since 2023

South Africa: Government's New Plan Sends Rand to Strongest Level in Three Years

The government cut the inflation target from four point five percent to three percent, making investors believe South Africa will control spending and keep rates high. Foreign investors put R175-billion into South African bonds this year, more than double last year.

Rand breaches R17/$ for the first time since 2023

The rand strengthened below R17 per dollar for the first time since February 2023 after the government adopted a lower inflation target.

Government's new plan sends rand to strongest level in three years

Listen to this article. By Dylan Bettencourt The government cut the inflation target from four point five percent to three percent, making investors believe South Africa will control spending and keep rates high. Foreign investors put R175-billion into South African bonds this year, more than double last year. South Africans could soon pay less for imported goods as the rand gets stronger. The rand hit R17 against the dollar on Thursday, the s…

Markets signal a turning tide for South Africa as rand hits two-year high

The rand and South African shares and bonds extended their rally on Thursday as investors cheered signs of fiscal discipline.

South African rand trades below 17 to the dollar for first time since 2023

South Africa's rand strengthened on Thursday to trade below 17 rand

Rand Breaches 17 Per Dollar for First Time Since February 2023

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