5 important things happening in South Africa today

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

  • South Africa’s rand strengthened against the dollar on Wednesday on optimism the central bank has room to boost the economy after consumer inflation fell to a nine-year low, while stocks gained. A chunk of those gains came after the data showed the rise in November consumer prices slowed. The subdued price growth reignited bets the SARB may reduce rates after keeping them on hold at 6.5% in November. On Thursday the rand was at R14.67 to the dollar, R19.39 to the pound and R16.35 to the euro.

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5 important things happening in South Africa today