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Another R160 million circling the drain, and trouble for South Africa’s Afrikaans Uber | SA News

Malcolm Libera
 ·24 Nov 2025

The rand declined on Friday as investors moved away from riskier assets, following a US jobs report that did not clarify the Federal Reserve’s near-term interest rate policy.

The rand traded at 17.2750 against the dollar, marking a 0.3% decrease from Thursday’s closing level.

The Top 40 index on the Johannesburg Stock Exchange (JSE) fell by 2.2%. Analysts observed that the significant decline in US stock markets the previous day posed risks for the rand and South African markets.

Increased volatility in these markets is…

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  2. Ukraine: You have two cows. One of them feeds on American grass, the other feeds on Russian grass.