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‘Black box’ trades keep rand on the wrong side of R16/$

The rand is battling to break decisively below the R16/$ level, but has largely held onto recent gains as the dollar remains under pressure. Last Fr…

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business

Shein valuation drops 70% to R430bn ahead of listing

Online fast-fashion retailer Shein’s valuation has dropped by around ‌70% from a near $100 billion (R1.60 trillion) private-market peak four years ag…

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business

Rand hits six-month high as auction draws bumper demand for SA bonds

The rand strengthened to a six-month high against the dollar and bonds rallied after an auction of government debt attracted the strongest demand in …

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business

Rand’s next decade won’t look like the last

For more financial news, visit News24 Business. South Africans have become conditioned to believe that the rand only weakens over time. That view is…

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