5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • South Africa’s rand and banking stocks fell on Wednesday after the central bank lowered its main lending rate for the first time since July and said it thought the currency was over-valued. On Thursday the rand was trading at R11.75 to the dollar, R16.56 to the pound and R14.49 to the euro.

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5 important things happening in South Africa today