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You are here: Home / News / Make or break for VW in South Africa, and US slams another South African decision | SA News

Make or break for VW in South Africa, and US slams another South African decision | SA News

7 February 2026 by Guest

Caitlyn Hilliard-Lomas
 ·6 Feb 2026

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The rand fell back above 16 to the dollar on Thursday as a more cautious global sentiment overnight sparked a sell-off in emerging-market assets. Analysts noted that a new wave of risk aversion drove this shift.

The rand was trading at 16.1625 against the dollar, marking a 0.5% decline from Wednesday’s close.

“When global investors become risk-averse, they often sell off emerging-market assets first. That’s exactly what happened overnight,” analysts…

Mineral Wealth: South Africa is rich in natural resources, including gold, platinum,
diamonds, coal, and chromium, contributing significantly to the economy.

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Reader Interactions

Comments

  1. general broomdog

    7 February 2026 at 5:05 am

    Fun South African Fact: The South African flag was used for the first time on Freedom Day 1994.

  2. Turnip King

    7 February 2026 at 4:50 am

    Fun South African Fact: The swimming pool vacuum cleaner is a South African invention.

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