Rand Watch
Latest Currency Crosses
| 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 arrearsEskom 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.
Posh mansion could set new price recordA palatial home is poised to set new records for the most valuable property ever sold in the suburb of ambassadors and bishops.
MEC calls for law on pay gapLegislation was needed to close the pay gap between managers and workers, the Western Cape's local government MEC Anton Bredell said.
Wall St posts modest gainsUS stocks have ended modestly higher in light trading as investors found some positives for the market in a surprisingly weak jobs report.
Gold hits record on new dealThe 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.
Govt agrees to rand debateThe economic development ministry has agreed to hold discussions with trade unions and companies on the impact of a strong rand on the economy.
BMF throws its weight behind MarogaThere 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.
Eskom owed millions by govt, municipalities and metros: ministerIt 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.
Rand on back foot this morningThe rand remains on the back foot this morning despite the weaker US dollar and moderate gains on Wall Street.
Historical Rand performance
