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End of the line for major social grant, and good news for electricity tariffs in South Africa | SA News

Staff Writer
 ·7 Jan 2026

South Africa’s rand softened on Tuesday after an S&P Global survey showed that the country’s business activity contracted sharply in December.

However, even softer, the currency was still trading around its strongest level in more than three years.

The Purchasing Managers’ Index declined to 47.7 in December from 49.0 in November, as demand waned and firms reduced their purchases and inventories.

The rand closed the day at around R16.37 against the dollar, muted compared to Monday’s close, but hovering around its strongest since…

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  2. Fun South African Fact: In 2006, South Africa became the first African country and the fifth country in the world to recognize same-sex marriage.