Rands

South Africa’s rand tumbled the most among the world’s major currencies as the nation walked into a geopolitical tight corner just as everything from a domestic energy crisis to global monetary tightening is battering the currency. The…

South Africa’s currency is on track for its biggest weekly gain of 2023, following Thursday’s larger-than-expected interest rate hike. For Nomura, this is just the beginning of the rally. The rand leaped 1.6% Thursday. It is up another…

The rand is on track for a sixth consecutive week of declines versus the dollar — but there are indications the selloff may be about to ease. One of this year’s worst emerging-market performers, the rand has carried a heavy risk premium…

When Abraham Cambridge flew to South Africa in 2014, he was struck by how few solar panels he saw in a sunny country with unreliable electricity. Soon after, he started the Sun Exchange, a company that crowdfunds the installation of…

The rand’s 9% plunge in the past month may be just the beginning for the South African currency, whose resilience is being tested by fears of a US recession even as local fundamentals remain supportive. History shows the rand tends to…

Investors who chose South Africa as a haven in a stormy first quarter have been rewarded with some of the best currency, equity and bond returns in emerging markets. While the start of monetary policy tightening in the U.S. and war in…

There is a reason South Africa’s currency is called “the rattler.” While many an investor expected the rand to buckle in the face of rising US Treasury yields and prospects of a more aggressive pace of Federal Reserve hikes, the currency…