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.

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.

Here are five other important things happening in and affecting South Africa today:

The South African rand was steady on Tuesday, buoyed by hopes the country could still salvage a less damaging trade deal with the United States after President Donald Trump extended a tariff deadline to August 1.

The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa

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.

Convert South African Rand To Angolan Kwanza 1 ZAR = 51.571441 AOA Jul 11, 2025 03:22 UTC Check the currency rates against all the world currencies here.

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.