The rand strengthened on Monday, buoyed by higher gold prices as local investors look towards the final economic data releases of the year for insights into the health of Africa’s most industrialised economy.
The rand traded at 16.78 against the dollar, approximately 0.6% stronger than its previous close.
Gold remained near a more than seven-week high on Monday, driven by a weaker dollar and lower US yields.
As a major producer of precious metals, South Africa often benefits from rising bullion prices.
“Over the past…
San People: The San people, also known as Bushmen, are one of the oldest
indigenous groups in Southern Africa, known for their rock art and traditional hunting skills.

Fennel Dove
What do you call an Afrikaans guy that squeezes chickens?
Hendrik.
Rando Tank
Fun South African Fact: South Africa is known as the “Rainbow Nation” thanks to its mix of cultures across the country. The status of being a cultural “melting pot” is evident in the fact that South Africa has a whopping 11 official languages: English, Afrikaans, isiZulu, isiXhosa, IsiNdebele, Sesotho, Northern Sotho, Setswana, SiSwati, Tshivenda, Xitsonga. Most South Africans speak more than one national language. IsiZulu is the most common first language and isiXhosa is second. Fun fact – did you know the people of Wakanda speak isiXhosa in Marvel’s Black Panther movie?