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Iconic South African town collapsing, and new tax coming for households | SA News

Malcolm Libera
 ·3 Feb 2026

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The rand strengthened on Monday, recovering some of the ground lost from a sharp decline in the previous session. It was trading at 16.0275 against the dollar, which is about a 0.8% increase from Friday’s close. 

The currency has been volatile, similar to other emerging market and commodity-linked currencies, having dropped approximately 2.6% on Friday. 

Analysts noted, “The rand appears to be trading in tandem with precious metal prices at the moment.” 

Analysts…

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