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The financial rand system provided for two exchange rates for the rand — one for current account transactions and one for capital account transactions for non-residents. [4] Investments made in South Africa by non-residents could only be sold for financial rand, and limitations were placed on the convertibility of financial rand into foreign ...
In 1955, the two companies, Rand Daily Mail Ltd and the Sunday Times Syndicate Ltd were formed into a single company called South African Associated Newspapers (SAAN). [3]: 42 Prior to the formation, the Abe Bailey estate had 59.23% share in RDM and 26.17% in Sunday Times Syndicate which gave the estate 49.71% in the new company SAAN.
[12] In 2014, South Africa experienced its worst year against the US dollar since 2009, [13] and in March 2015, the rand traded at its worst since 2002. [13] At the time, Trading Economics released data that the rand "averaged R4.97 to the dollar between 1972–2015, reaching an all time high of R12.45 in December 2001 and a record low of R0.67 ...
Arena Holdings, formerly known as Tiso Blackstar Group, Johnnic Communications, Avusa and the Times Media Group, is a South African media company based in Johannesburg, South Africa. It publishes several major South African newspapers, including the Sunday Times, Business Day, Financial Mail, Herald, Sowetan and Daily Dispatch. It acquired its ...
The Mail & Guardian, formerly the Weekly Mail, is a South African weekly newspaper and website, published by M&G Media in Johannesburg, South Africa. It focuses on political analysis, investigative reporting, Southern African news, local arts, music and popular culture.
Rapport is an Afrikaans-language weekly newspaper (released on Sundays) in South Africa and published by Media24. Its head office is in Johannesburg. [1] It is the second largest Sunday newspaper in South Africa after the Sunday Times. [2] Inge Kühne has been the editor since 2021.
There was a News Film Unit which, prior to television in 1976, produced films for news agencies and television organisations. In 1998, the SABC began to broadcast two TV channels to the rest of Africa: SABC Africa, a news service, and Africa 2 Africa, entertainment programming from South Africa and other African countries, via DStv. [1]
It covers local news, sports, business, jobs, and community events. Kroonnuus has 45 000 readers weekly. Maluti is a free Afrikaans and English community newspaper which is distributed from home to home in Bethlehem on Wednesdays and is delivered at agents in Reitz, Senekal, and Kestell. The newspaper is 22 years old and has 13 100 readers weekly.