If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Afternoon clouds. Mild.
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.
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.
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 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
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".
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?
Zimbabwe did not adopt the rand due to onerous conditions set by the South African Reserve Bank
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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