These are the worst-performing currencies over the last five years – and the rand isn’t even among the top 25

2019-09-18 06:41

The rand lost 30% of its value compared to the US dollar since 2014.

There goes the rand... yet again

2019-08-21 14:46

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.

Obama advisor Larry Summers warns the world is at 'most dangerous financial moment' since 2009 as global markets reel from trade war escalation

2019-08-06 12:26

Global markets have followed Wall Street into freefall following a recent escalation in the US-China trade war.

Trump: Weaker yuan is 'currency manipulation'

2019-08-05 15:15

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.

Rand has the Fed to thank for limiting damage inflicted by Eskom

2019-07-31 16:13

July would have been a worse month for the rand if it weren’t for the Federal Reserve.

This is what it's like shopping in Zimbabwe - where no one knows what anything costs

2019-07-12 12:52

Zimbabwe reintroduced the Zimbabwean dollar as legal currency in June.

West Africa bloc currency ECO to launch in 2020

2019-06-30 23:03

Analysts are sceptical the introduction of the ECOWAS single currency will solve the region's economic problems.

Zim dollars only: Finance minister Ncube bans foreign currency

2019-06-24 13:19

Foreign currencies are no longer acceptable as legal tender in Zimbabwe, with Finance Minister Mthuli Ncube saying Monday that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions.

West African finance ministers inch closer to single currency

2019-06-18 19:55

The 15-member regional organization has set a target to have a single currency by 2020, following a gradual approach that allows countries to join the monetary union when they meet the convergence criteria.

Zimbabwe to supply interbank market with $500m on Monday

2019-05-19 08:28

Zimbabwe will supply the interbank foreign exchange market with $500m on Monday as its tries to resuscitate a currency trading system implemented in February that’s been plagued by a lack of liquidity


'Make history': SA Mint wants your designs for a new R2 coin

2019-09-17 11:11

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.

The rand is bleeding – but it may not hurt South Africans as much as usual

2019-08-06 14:44

Oil prices are falling at the same time, which should provide some shelter to motorists.

US labels China a currency manipulator, escalating trade war

2019-08-06 08:14

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 abolishes controversial equity law

2019-08-01 21:58

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

There's a 'very real chance' the slump in the pound is just getting started

2019-07-30 13:48

Sterling has dropped 9% since the start of June against the rand.

SAA has R1.1bn stuck in cash-strapped Zimbabwe

2019-07-12 10:20

The flag carrier is currently unable to repatriate proceeds from ticket sales due to Zimbabwe's severe foreign currency shortage.

We cannot fear change - Zim's Mnangagwa on currency

2019-06-25 21:10

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".

Libra is Facebook’s plan to bring cryptocurrency to the masses — but I don’t trust Facebook enough to use it

2019-06-19 17:32

I belong to a traditional bank, and I don't trust Facebook. So why would I use Libra, the new global currency it's pushing?

Mnangagwa tells Zimbabweans why the country did not adopt the rand

2019-06-15 12:02

Zimbabwe did not adopt the rand due to onerous conditions set by the South African Reserve Bank

ANC win positive for financial markets

2019-05-11 16:04

The ANC has extended its quarter-century grip on political power and it largely has President Cyril Ramaphosa to thank for halting its decline.

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