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South Africa's rand weakened on Thursday, as the U.S. dollar held near recent peaks after traders continued to bet that the U.S. Federal Reserve will be aggressive next week in its battle to curb ...
South Africa's rand weakened in early trade on Thursday, as the U.S. dollar held near recent peaks after traders increased bets that the U.S. Federal Reserve will become even more aggressive next ...
South Africa's rand was little changed on Wednesday, as the dollar steadied after a sharp rate hike in New Zealand dashed hopes for a pause or slowdown in the U.S. Federal Reserve's aggressive ...
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 ...
The 1 rand coin for circulation was introduced in 1967, followed by 2 rand coins in 1989 and 5 rand coins in 1994. Production of the 1 and 2-cent coins was discontinued in 2002, followed by 5-cent coins in 2012, primarily due to inflation having devalued them, but they remain legal tender.
The protests followed a threeday student lock-down of the University of the Witwatersrand campus the week before following an announcement by the university that fees would be increasing by 10.5% in the following year [10] despite an inflation rate of only around 6% for the same year. The university's chief financial officer stated that the ...
Indexes ended lower on Thursday as traders focused on the coming jobs report. The data is expected to show the US economy added 214,000 new hires, a steep uptick from October's reading.
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