South African Rand News Directory

The Pound to Rand exchange rate is one of the best performing Sterling pairs of the year thus far and could be set to retain an upside bias in the days ahead owing to abundant headwinds weighing on the South African currency.

January 24,2023

The Pound to Rand exchange rate remained buoyant around the 21.0 level and close to one-month highs in mid-week trade after South African inflation surprised on the downside of expectations in contrast to the picture in Britain where core inflation remained stubbornly elevated at year-end. 

January 23,2023

The Pound to Rand exchange rate climbed to one-month highs early in the new week and appeared on course to rise back above the 21.0 handle for a period of time in the days ahead but much likely depends on the central bank policy implications of dual inflation reports due out on Wednesday. 

January 17,2023

The Pound to Rand exchange rate has reversed its New Year losses and with the South African currency emerging as a tentative underperformer in the G20 bucket thus far Sterling could now be in the early stage of an attempted recovery toward its December highs.

January 10,2023

The Pound to Rand exchange rate entered the New Year on the back foot and with early trades pulling Sterling closer toward the 20.32 to 19.77 range it would trade in when fully discounted by the recently wider inflation and interest rate differentials between the UK and South Africa. 

January 4,2023

• Rand Forecasts

The Pound to Rand pair entered the new the week on the back foot after the re-election of President Cyril Ramaphosa as leader of the African National Congress incited a rally in South African exchange rates that appeared to place GBP/ZAR at risk of falling back toward the 20.80 area in the days ahead.

December 19,2022

The Rand appreciated in value on news the African National Congress (ANC) has reelected President Cyril Ramaphosa as its leader.

December 19,2022

The South African Rand softened against most comparable currencies in recent trade with an underperformance that has helped to keep GBP/ZAR buoyant above 21.0 and near to this year's highs though a difficult outlook for the Pound could limit additional gains in the Sterling pair even if USD/ZAR climbs further. 

December 15,2022