{"id":842260,"date":"2025-11-07T07:56:45","date_gmt":"2025-11-07T05:56:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=842260"},"modified":"2025-11-07T07:56:45","modified_gmt":"2025-11-07T05:56:45","slug":"money-flooding-back-into-south-africa-and-post-office-wants-money-from-successful-couriers","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/842260\/money-flooding-back-into-south-africa-and-post-office-wants-money-from-successful-couriers\/","title":{"rendered":"Money flooding back into South Africa, and Post Office\u00a0wants money from successful couriers"},"content":{"rendered":"\n

The rand strengthened on Thursday, recovering some of the ground it lost earlier in the week as global risk appetite improved. <\/p>\n\n\n\n

The currency had plunged on Tuesday, falling more than 1% against the dollar during a significant global sell-off driven by concerns over inflated stock market valuations. <\/p>\n\n\n\n

On Wednesday, the rand traded at 17.36 against the dollar, marking a 0.2% increase from the previous day’s close. <\/p>\n\n\n\n

Analytics noted that all signs indicate that the rand could regain even more ground, pointing to buoyant gold and platinum prices as factors that could further support the rand’s advance. <\/p>\n\n\n\n

Gold prices rose above the important $ 4,000-per-ounce level on Thursday, influenced by a retreat in the dollar and concerns over the economic outlook due to the prolonged US government shutdown. <\/p>\n\n\n\n

Meanwhile, the Johannesburg Stock Exchange’s Top 40 index was up by 0.3%.<\/p>\n\n\n\n

On Friday, 7 November, the rand was trading at R17.40 to the dollar, R22.82 to the pound and R20.07 to the euro. Oil was trading slightly lower at $63.73 a barrel.<\/p>\n\n\n\n

5 important things happening in South Africa today<\/h2>\n\n\n\n
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Money flooding into South Africa:\u00a0<\/strong>South Africa led emerging markets in October with $418 million in equity inflows, benefiting from global easing and improved trade tensions. The Johannesburg stock index rose 30% this year, driven by mining gains. [News24<\/a><\/strong>]<\/p>\n\n\n\n

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Post Office\u00a0wants money from couriers:<\/strong>\u00a0The South African Post Office wants the Independent Communications Authority of South Africa (Icasa) to fine couriers that deliver parcels weighing less than 1kg and ringfence the money for its use. This is because the Post Office claims they have contravened regulations that grant it exclusive rights to deliver parcels under 1kg in South Africa. [MyBroadband<\/a><\/strong>]<\/p>\n\n\n\n

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Ramaphosa slammed for trying to save face:<\/strong>\u00a0DA MP Ryan Smith criticised the national government’s beautification efforts in Joburg ahead of the G20, highlighting that residents are frustrated by the focus on areas like Sandton and Nasrec while they struggle with water and electricity shortages. During a National Assembly Q&A, President Ramaphosa acknowledged that clean-ups are common before visitors arrive, citing his recent visits to Indonesia, Malaysia, and Vietnam as examples of cleanliness. [Business Day<\/a><\/strong>]<\/p>\n\n\n\n

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Cape Town not happing with new traffic rules:<\/strong>\u00a0With less than a month until the Aarto Act takes effect, the City of Cape Town and neighbouring municipalities are seeking an exemption. JP Smith, Cape Town’s Mayoral Committee Member for Safety and Security, described Aarto as impractical, citing reliance on a functioning South African Post Office for serving documents via registered mail and the often offline and inaccurate eNatis traffic information system. [Moneyweb<\/a><\/strong>]<\/p>\n\n\n\n

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Mbulula warns of the one thing that will collapse South Africa:\u00a0<\/strong>According to ANC Secretary General Fikile Mbulula, If South Africa were to amend section 25 of the Constitution, allowing for land redistribution without compensation, the country would collapse, as Zimbabwe did. [Newsday<\/a><\/strong>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are 5 important things happening in South Africa today, Friday, 7 November 2025.<\/p>\n","protected":false},"author":92,"featured_media":829020,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-842260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/842260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=842260"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/842260\/revisions"}],"predecessor-version":[{"id":842272,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/842260\/revisions\/842272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/829020"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=842260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=842260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=842260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}