May 31st, 2012
South Africa’s rand hit a fresh six month low against the dollar early on Thursday before recouping some of its losses but could resume a slide towards 8.6 as Europe’s debt woes drive investors away from emerging market assets to perceived safer havens. The local unit fell to 8.58 to the ...
Feb 13th, 2012
South Africa’s rand firmed against the dollar on Monday, with further gains seen as calm returned to the market after nervous selling on Friday caused in part by a cryptic announcement from the central bank that spooked traders. Friday’s statement said President Jacob Zuma would announce ...
In Hottest News
Feb 11th, 2012
BuaNews (Tshwane) Pretoria — Former President Nelson Mandela will become the first person to appear on the country’s banknotes since the dawn of democracy, President Jacob Zuma has announced. “On behalf of Government and the people of South Africa, it is my honour and pleasure to announce...
Jan 9th, 2012
PRETORIA, South-Africa, January 9, 2012/African Press Organization (APO)/ — Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today in Pretoria: “It is a great pleasure to be in South Africa for my first visit as Managing Director of...