·28 Oct 2025
The rand remained stable on Monday as traders watched for a potential trade deal between the world’s two largest economies, which could positively impact global growth prospects.
US President Donald Trump announced that the United States and China were likely to reach a trade agreement during an anticipated meeting in South Korea later this week.
South Africa’s risk-sensitive assets often respond to global influences, such as US policies and economic indicators.
The rand was trading at 17.2425 against the dollar, showing…
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Fun South African Fact: South African Dr. Christiaan Barnard performed the world’s first heart transplant on 3 December 1967 at Groote Schuur Hospital in Cape Town. The groundbreaking surgery was carried out on Louis Washkansky and Dr. Barnard was assisted by a large and exceptional team of surgeons, nurses and technicians. One of Dr. Barnard’s assistants was Hamilton Naki, a black laboratory assistant who had worked previously as a gardener and went on to work in the animal laboratory at the University of Cape Town. He had assisted Dr Barnard with research leading to the transplant. In the apartheid days, Naki had no access to higher education due to his race. Despite being unable to access formal training, he learned from and assisted university researchers and went on to do improbable work.
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Fun South African Fact: There are around 3,000 shipwrecks off the coast of South Africa.