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Government proposes a new national tax, and South Africa’s richest city owes Microsoft R344 million | SA News

Malcolm Libera
 ·26 Nov 2025

The South African rand strengthened on Tuesday as investors assessed a series of delayed economic data from the United States. 

The rand traded at 17.2350 against the dollar, which is roughly a 0.4% increase from Monday’s close.

The dollar weakened about 0.3% against a basket of currencies after data revealed that US retail sales rose less than expected in September.

This indicated a potential slowdown in the economy and bolstered market expectations for a rate cut next month.

On the other hand, US producer prices…

World’s Largest African Penguin Colony: The Boulders Beach near Simon’s Town is
home to a significant colony of African penguins.

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