5 important things happening in South Africa today

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

  • The rand starts the week on the front foot, holding onto last week’s gains. On Friday, the Fed stated that a recession in the US is unlikely in its view, but added that it will act appropriately to support the economy and the 2% inflation target. The trade war remains the greatest risk factor for currencies and the US economy, with uncertainty undermining trade amongst businesses. On Monday the rand was at R14.79 to the dollar, R18.16 to the pound and R16.31 to the euro.

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5 important things happening in South Africa today