South Africa rand strengthens as gold and softer US inflation weigh
The South African rand rose to 15.99 per dollar on August 21, 2026, boosted by higher gold prices and softer U.S. inflation data.
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South African Rand
SARB holds repo rate at 7.0% as rand plunges on surprise decision
The South African Reserve Bank kept the repo rate at 7.0% on July 23, 2026, after a 4–2 vote amid inflation and economic concerns.
South African Rand Plunges on Reserve Bank’s Unexpected Rate Hold Decision
The South African Reserve Bank held its key interest rate at 7%, surprising markets expecting a hike amid inflation and oil price concerns.