South Africa, rand and tariffs
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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.
Here are five other important things happening in and affecting South Africa today:
Uncertainty over proposed US tariffs on South African goods has pushed up the cost of hedging rand exposure, with markets bracing for further volatility ahead of the 1 August deadline.
Known as the President's Emergency Plan for Aids Relief (Pepfar), it led to the investment of more than $100bn (£74bn) in the global HIV/Aids response - the largest commitment by any nation to address a single disease in the world.
Use our currency converter to find the live exchange rate between ZAR and AOA. Convert South African Rand to Angolan Kwanza
Despite some volatility in global oil markets, a resilient rand is keeping petrol price recoveries in check, supporting potential cuts in August.
The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa
Use our currency converter to find the live exchange rate between ZAR and MZN. Convert South African Rand to Mozambican Metical
South Africa's commodity-backed currency and stocks weakened on Wednesday, with investor focus on precious metal prices that have been on the back foot after U.S. President Donald Trump's latest tariff threats.