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Bad news for taxpayers in South Africa, and South Africa’s R35 billion waterfront ‘city’ mess | SA News

Caitlyn Hilliard-Lomas
 ·4 Mar 2026

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The risk-sensitive rand was trading at 16.4925 against the US dollar, reflecting a decline of approximately 2.3% from Monday’s closing value.

The All-Share index of the Johannesburg Stock Exchange was down 4.8% at last check.

South Africa’s benchmark government bond for 2035 saw a sell-off, pushing yields up 13.5 basis points to 8.27%.

Analysts observed a typical “risk-off” reaction to the US-Israeli air conflict involving Iran, resulting in capital flight…

First Democratic Elections: South Africa held its first fully democratic elections in
1994, allowing all citizens, regardless of race, to vote.

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