South African rand
Coverage of South African rand in the Nexus archive.
- Ghana’s Cedi Beats the Rand to Rank Among Africa’s Top Currencies
Ghana’s cedi appreciated 40–50% against the US dollar in 2025, outperforming the South African rand with a 15.6% bilateral gain. The central bank’s gold reserves were cited as a factor in the cedi’s strong performance.
- Angola Adds the Chinese Yuan to Its Central Bank Reserve Requirements
Angola's central bank, Banco Nacional de Angola, added the Chinese yuan to its list of eligible reserve currencies effective 6 July 2026. Commercial banks can now hold mandatory reserves in US dollars, euros, South African rand, and yuan. Angola also owes China roughly US$17 billion in debt.
- Absa’s Shares Tumble as a Stronger Rand Bites
Absa shares fell nearly 7% after the South African bank warned that a stronger rand and weaker Africa earnings would reduce first-half profit. The bank attributed the decline to currency and regional performance factors.
- Rand Trading Surges as War Spawns Volatility, Central Bank Says
The South African rand experienced a surge in trading amid volatility caused by war, according to a central bank statement. The article references South African 100 rand banknotes as part of the context.
- Rand Swings From Carry Loser to Winner as Bond Inflows Surge
The South African rand has shifted from a carry trade loser to a winner as bond inflows surged, according to the article. The content also references South African rand banknotes and coins.
- EM Currencies Advance on Iran Talks With Rand Leading Gains
Emerging market currencies are advancing due to ongoing Iran talks, with the South African rand leading the gains. The article highlights an employee counting South African rand banknotes at a currency exchange in Pretoria.
- Iran Reescalation Risk Can Spike Rand Levels
The article discusses the potential for increased geopolitical tensions in Iran to negatively impact the South African Rand's value. It highlights the risk of reescalation in the region as a key factor influencing currency fluctuations.
- Emerging Carry Trade Rebounds With Real, Rand Among Favorites
The South African rand is among the emerging market carry trade favorites, with the benchmark interest rate maintained at 6.75%. The monetary policy committee made this decision, as announced by Governor Lesetja Kganyago. This move may impact the carry trade and investor sentiment.
- Bybit Pay enters South Africa through MoneyBadger integration
Bybit Pay has expanded into South Africa through an integration with MoneyBadger, enabling cryptocurrency payments at over 650,000 merchants. Transactions are settled in South African rand for businesses.