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New high-speed train on the cards, and international tech company to open first store in South Africa | SA News

Malcolm Libera
 ·27 Oct 2025

The South African rand strengthened on Friday after a global financial crime watchdog removed the country from its list of nations subject to increased monitoring.

The rand traded at 17.25 against the dollar, about 0.5% stronger than its closing value on Thursday.

Analysts noted that South Africa’s removal from the Financial Action Task Force’s “grey list” enhances the country’s reputation and financial system.

They also mentioned that being off the grey list should facilitate and lower the costs for South African banks and…

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