Articles sur South African currency

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The rand’s current weakness can be attributed to a myriad of structural problems facing South Africa’s economy. Reuters

Explainer: how currency markets work and why the South African rand is falling

Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
Pravin Gordhan is considered an independent mind. His return as South Africa’s finance minister will boost investor confidence. EPA/Dai Kurokawa

Zuma’s about-turn shows power of the South African media, and the markets

South Africa has had three finance ministers in four days. President Jacob Zuma will live with the fall-out for the rest of his term. Markets have a long-term memory and won't easily forget.
The South African currency, the rand, fell to its lowest level in four years after President Jacob Zuma removed the country’s finance minister. Reuters/Siphiwe Sibeko

The removal of South Africa’s finance minister is bad news for the country

The removal of Minister Nene is a significant act. The fact that he has been replaced by someone who is unknown and untested simply compounds it.

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