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South African rand strengthens

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

The Financial Times · 4d

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

Cape Argus on MSN · 3d

South African rand strengthens after government abandons VAT increase

Following the announcement by Finance Minister Enoch Godongwana to abandon the proposed VAT increase, the South African rand has shown signs of recovery, gaining value against the US dollar. This decision comes amid significant opposition and legal challenges from various political factions.

3don MSN

South African rand firms as investors seek clarity on budget

South Africa's rand firmed on Friday as investors awaited clarity amid a dispute over the national budget that has rattled ...

USD/ZAR forecast: here’s why the South African rand is surging

The USD/ZAR exchange rate has suffered a sharp reversal this month as the falling US dollar pushed investors out of the ...

Forbes21h

Convert South African Rand To United States Dollar

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

3don MSN

South African rand stable as investors await budget clarity

South Africa's rand was little changed in early trade on Friday as investors awaited clarity on a disputed national budget ...

Exchange Rates1d

Live South African Rand (ZAR) Exchange Rates

Welcome to the South African Rand exchange rate & live currency converter page. The South African Rand (ZAR) exchange rates represented on this page are live, updated every minute within the ...

Forbes13h

Convert South African Rand To Australian Dollar

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

BusinessTech3d

Government’s red tape nightmare, and WhatsApp ordered to make changes in South Africa

GNU not out of the woods: Despite the VAT hike U-turn, the GNU is still under pressure due to the notable disagreements over ...

The Mail & Guardian5d

Timing the Rand: A South African perspective on monthly NFP trading strategies

The United States Non-Farm Payrolls (NFP) report, released on the first Friday of each month, has long stood as one of the ...

11don MSN

South African rand firms, markets await clarity on tariffs and local politics

JOHANNESBURG: South Africa’s rand firmed on Thursday, as markets awaited clarity on U.S. tariffs and local investors looked ...

With deliberate blurring to suggest motion and fun, an AP photographer brings a ride to life

Photographer Themba Hadebe said the atmosphere at the Johannesburg event was perfect, with people laughing and enjoying rides ...

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