Warning to users of Checkers Sixty60, MrD, Pick n Pay Asap, Woolies Dash, and new rules for scanning driving licences at estates
The South African rand weakened in early trading on Wednesday, amid a stronger dollar and hawkish signals from the US Federal Reserve, which dampened appetite for riskier assets.
The rand traded at 16.60 against the dollar, down about 0.3% from its previous close. The dollar index, which measures the U.S. dollar against a basket of currencies, climbed to its strongest level in 13 months.
This increase came as investors positioned themselves for potential interest rate hikes by the Federal Reserve and sought refuge from a selloff in technology shares.
As with other risk-sensitive currencies, the rand often takes cues from global market trends. On the Johannesburg Stock Exchange, the Top-40 index was up 0.1% in early trading.
Meanwhile, South Africa’s benchmark 2035 government bond was weaker in early trades, with yields rising 2.5 basis points to 8.36%.
On Thursday, 25 June 2026, the rand was trading at R16.55 to the dollar, R21.81 to the pound, and R18.81 to the euro. Gold is trading lower at $3,988.97 an ounce, while oil prices were at $72.53 a barrel.
5 important things happening
Threat to grocery deliveries: The Consumer Goods Council of South Africa (CGCSA) has warned its members to prepare for potential disruptions during anti-immigrant protests on June 30. There is concern that delivery services such as MrD, UberEats, Checkers Sixty60, Pick n Pay ASAP, and Woolies Dash may be targeted, possibly impacting deliveries next week. [Business Day]
New rules for scanning drive’s licences at estates: Guards at the gates of estates, complexes, office parks, or gated communities should not make digital copies of your driving licence, as it could infringe on the Protection of Personal Information Act (POPIA). [MyBroadband]
Bafana Bafana make history: Bafana Bafana secured a place in the last 32 for the first time in the country’s history with a 1-0 victory over South Korea in Monterrey on Wednesday. [eNCA]
R116 billion disappeared into thin air in South Africa: Over the last 3 years, municipal councils have dealt with R117.93 billion in irregular expenditure. 99% of this, R116 billion, was written off rather than being recovered. [Newsday]
Major Crackdown hits big brands in Johannesburg: The City of Johannesburg has intensified its crackdown on illegal billboards, affecting top companies such as Coca-Cola, Netflix, MTN, Absa, WeBuyCars, Jeep, KFC, and Dis-Chem. [Daily Investor]
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