For FW de Klerk reconciliation was never about moral intention, but always about political strategy, writes Antjie Krog.
Zimbabwe industry's capacity utilisation contracted to 36.4% in 2019 and could fall further.
A dent in global risk appetite caused by the coronavirus left the rand the worst performing currency against the dollar in January, notes Momentum Investments.
The pound surged as much as 2.1% against the dollar to about $1.34 after exit polls showed that the Conservatives secured a majority.
The rand lost 30% of its value compared to the US dollar since 2014.
There have been several local events that have played a role in the rand’s rollercoaster ride. However, they aren’t the main reasons for our local currency’s decline.
Global markets have followed Wall Street into freefall following a recent escalation in the US-China trade war.
US President Donald Trump said the latest decline in the yuan is “called ‘currency manipulation”’ and indicated he’d like the Federal Reserve to act to counter the Chinese action.
July would have been a worse month for the rand if it weren’t for the Federal Reserve.
Zimbabwe reintroduced the Zimbabwean dollar as legal currency in June.
Analysts are sceptical the introduction of the ECOWAS single currency will solve the region's economic problems.
Emerging markets are coming under pressure due to concerns over the economic impact of coronavirus, says Bianca Botes of Peregrine Treasury Solutions.
The rand has lost some steam since the beginning of the year. Nevertheless, the currency is holding up against the dollar, thanks to high domestic interest rates and accommodating international monetary policies.
Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.
The South African Mint has put out a call for people to submit designs for a new R2 coin which depicts one of South Africa's bill of rights.
Oil prices are falling at the same time, which should provide some shelter to motorists.
The Trump administration has formally labelled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs.
Zimbabwe's Finance Minister Mthuli Ncube says an equity law blamed for scaring off foreign investors would be abolished as the country seeks to woo fresh capital to shore up its moribund economy
Sterling has dropped 9% since the start of June against the rand.
The flag carrier is currently unable to repatriate proceeds from ticket sales due to Zimbabwe's severe foreign currency shortage.
In a statement released on Tuesday, Zimbabwe President Emmerson Mnangagwa said it had always been clear that for the country's economy to take off, "we need our own currency".
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