Latest News with South African Rand tag

Strong Pound Buys More For Expats

17th January 2016

Currency exchange rate fluctuation can have a big impact on the expat life, especially if we take in consideration that the South African Rand was one of the world’s worst-performing currencies in 2015 after dropping more than 26% and continued to slide another 15% in the first trading days of the new year. The Pound […]

The Impact of the Chinese Stock Market Crash on South Africa

11th January 2016

South Africa’s economy edges closer to recession after having a rough 2015 that saw its economy contracted by 1% in the second quarter of 2015, the lowest level in six years.  The outlook for South Africa’s economy could get worse this year, as the Rand, South Africa’s national currency, has reached its’ lowest level in […]

South African Rand Devaluation

4th January 2016

The South African Rand has fallen to an all-time low against not just the US Dollar but against many of its other counterparts, including the British pound.  The dramatic depreciation of the Rand started at the end of 2010 but the devaluation has aggressively picked up during this past year.  Living in South Africa as […]