End of an era for Dis-Chem, and routes to avoid on 30 June
The rand remained stable on Monday as investors awaited a series of month-end economic data to assess South Africa’s economic outlook, along with planned anti-immigration protests for Tuesday.
The rand was trading at 16.4626 to the dollar, a slight increase from its previous close. The dollar showed little movement against a basket of currencies, while oil prices rose on Monday following a series of tit-for-tat strikes between the US and Iran.
These events highlighted the fragility of their interim peace deal and further hindered energy shipping through the Strait of Hormuz.
On the domestic front, investors are keeping an eye on upcoming reports, including South Africa’s money supply, private sector credit, the central bank’s inflation expectations survey, and data on the trade balance and budget balance.
ETM Analytics noted that these indicators might be overshadowed by Tuesday’s anti-immigration protests, where demonstrators are urging undocumented migrants to leave. This situation has been flagged as the main short-term risk.
On the Johannesburg Stock Exchange, the Top-40 index was last reported up by 0.1%. However, South Africa’s benchmark 2035 government bond weakened, with the yield rising by 3.5 basis points to 8.22%.
On Tuesday, 30 June 2026, the rand was trading at R16.44 to the dollar, R21.76 to the pound, and R18.74 to the euro. Gold is trading lower at $3,989.26 an ounce, while oil prices were at $72.44 a barrel.
5 important things happening
End of an era for Dis-Chem: Dis-Chem Pharmacies faces a challenge as founder Ivan Saltzman, 76, retires today as chairman, marking the end of an era. He built the business into a $1.7 billion healthcare chain with operations in three countries. [Daily Investor]
Routes to avoid on 30 June: Due to widespread protests and demonstrations, avoid driving through the Pretoria CBD, specifically the area between Church Square and the Sunnyside Police Station. The procession affects Paul Kruger, Francis Baard, Lilian Ngoyi, Madiba, and Nelson Mandela Drive. Midrand-to-Pretoria routes and certain Johannesburg CBD areas should also be avoided. A full list is available live. [eNCA]
Official petrol price for July: The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 1 July 2026. [BusinessesTech]
Ramaphosa signs new driving laws: The Department of Transport has published a proclamation notice from President Cyril Ramaphosa, announcing the commencement of the country’s new traffic fines system. [MyBroadband]
Explosive allegations by John Steenhuisen: Former DA Leader and Agriculture Minister John Steenhuisen made serious allegations against new leader Geordin Hill-Lewis, former leader Tony Leon, and others. [Newsday]
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