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United Kingdom£1:R12.53
USA$1:R7.54
Europe€1:R11.19
Australia$1:R6.93
Canada$1:R7.01
New Zealand$1:R5.47

South African Rand details

Latest Business News

State owes Eskom millions in arrears
Eskom is owed well over R102-million in arrears by local authorities, and is also owed almost R13-million by national government, Public Enterprises Minister Barbara Hogan has said.
IOL

Posh mansion could set new price record
A palatial home is poised to set new records for the most valuable property ever sold in the suburb of ambassadors and bishops.
IOL

MEC calls for law on pay gap
Legislation was needed to close the pay gap between managers and workers, the Western Cape's local government MEC Anton Bredell said.
IOL

Wall St posts modest gains
US stocks have ended modestly higher in light trading as investors found some positives for the market in a surprisingly weak jobs report.
News 24

Gold hits record on new deal
The price of gold has hit a record high following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US currency.
News 24

Govt agrees to rand debate
The economic development ministry has agreed to hold discussions with trade unions and companies on the impact of a strong rand on the economy.
News 24

BMF throws its weight behind Maroga
There veil of official secrecy around the Eskom boardroom saga continues since rumours of CEO Jacob Maroga's resignation began. But that has not stopped Maroga's supporters from going on the offensive. Today, the Black Management Forum (BMF) publicly threw its weight behind Maroga and called on Eskom Board Chairman Bobby Godsell and the entire board to step down.
SABC

Eskom owed millions by govt, municipalities and metros: minister
It has emerged that national government departments, local municipalities and metros owe Eskom close to R115 million. Energy Minister Dipuo Peters revealed this in her response to a DA Parliamentary question.
SABC

Rand on back foot this morning
The rand remains on the back foot this morning despite the weaker US dollar and moderate gains on Wall Street.
SABC



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