5 important things happening in South Africa today

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

  • South Africa’s rand clawed back some lost ground on Wednesday with renewed optimism that China and the United States would strike a trade deal outweighing a surprise third-quarter contraction in the local economy. It had slipped to a session low of 14.6980 on Tuesday as the 0.6% contraction to gross domestic product (GDP) snapped the currency’s four-session winning streak. On Thursday the rand was at R14.59 to the dollar, R19.14 to the pound and R16.17 to the euro.

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5 important things happening in South Africa today