New age rules for TikTok and YouTube in South Africa, and the state-owned company making a comeback
The rand strengthened slightly on Friday, with gold prices underpinning the currency as markets awaited new U.S. labour market data to indicate the next path for the Federal Reserve.
Gold firmed last week and was on track for its biggest weekly gain since January, with lower oil prices helping its value.
The U.S. dollar saw little change at the end of last week, with people expecting 80,000 new jobs in the country and its unemployment rate to hold steady at 4.2%.
The new data revealed that the U.S.’s unemployment rate had remained stable, but its economy had unexpectedly lost 23,000 jobs in the second quarter of 2026.
In South Africa, net foreign reserves rose to approximately R1.16 trillion, according to the Reserve Bank, up from the previous month.
This week, South Africa’s investors will be focused on manufacturing and second-quarter unemployment figures on Tuesday and mining data on Thursday.
The country’s benchmark 2035 government bond weakened at the end of last week, with the yield rising 4 basis points to 8.43%.
On Tuesday, 11 August, 2026, the rand was trading at R16.19 to the dollar, R21.88 to the pound, and R18.69 to the euro. Gold is trading at $4,406.39 an ounce, while oil prices were at $87.72 a barrel. [Reuters]
5 important things
Critical state-owned company rising from the ashes: PRASA is making a steady comeback after years of underperformance, as passenger numbers return to normal. [DailyInvestor]
Age verification systems for YouTube and TikTok in South Africa planned: The Department of Communications planned to impose obligations on online video platforms, including YouTube and TikTok, to implement age-verification systems in South Africa. [MyBroadband]
Another UCT leadership crisis: 34 complaints, secret findings and a VC in court: UCT’s leadership is facing turmoil as its vice-chancellor, Mosa Moshabela, takes the university’s council to court. [DailyMaverick]
Warning for divorced people in South Africa: While many see divorce as a quick separation, experts warn that poor planning can have dire financial consequences. [BusinessTech]
Cold spell: City Power to monitor electricity demand and network performance: Johannesburg’s utility supplier has said it is monitoring the electricity situation as cold weather threatens its systems. [EWN]
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