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Major bank officially exits South Africa after 30 years, and storm brewing for Pick n Pay | SA News

Malcolm Libera
 ·19 May 2026

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The rand strengthened against a weaker dollar on Monday as domestic investors awaited inflation data that is expected to reflect the pressures stemming from the war in the Middle East. 

The rand traded at 16.6050 against the dollar, which is an increase of about 0.6% from its previous close. 

Stats SA will release April inflation data on Wednesday, and analysts polled by Reuters anticipate that it will rise to 3.9% year-on-year, up from 3.1% in March.

ETM Analytics…

Fossil Fuels: South Africa relies heavily on coal for electricity generation, with coal-
fired power plants providing the majority of the country’s energy needs.

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  2. The child who claims to know as many proverbs as his father should be allowed to pay taxes