South Africa’s rand fell to its lowest level in 18 months, trading at 19.58 against the U.S. dollar, a drop of 2.4 percent from the previous Friday’s close. The currency’s decline comes as President Donald Trump maintains a firm stance on U.S. tariff plans. South African officials have indicated that they will engage in discussions with the U.S. to address the situation.
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Economics precedes politics.
BRICS was hailed as the appropriate replacement for American aid and economic policies. Where is BRICS now? We’re really led by mamparas (fools) in South Africa.
NO SURPRISES THERE ramaphosa IS THE PROBLEM !!!!!!!!!!!!
This is deliberately done cos USA wants to punnish RSA… About palestine /Israel
Its more to do with the GNU budget not being agreed to and vat increase.
Markets are down worldwide, and SA is hit really hard. What I find strange though is to see the idiots in the comments section celebrating this as if they won’t be affected by all this.
ANC Mamparras will have to increase vat to 30% now to handle this problem.
Amandla is Out Of Stock now.
ANC ineptitude on FULL display……..
Thank you anc for making life more difficult
Yup! That is what happen when our polisions byte the hand that feeds them with all thier insults to USA.