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New state-owned company for South Africa, and woman who stopped total grid collapse leaving Eskom | SA News

Malcolm Libera
 ·12 Dec 2025

The rand dipped against the dollar on Thursday following the release of local data, which included reports on formal sector employment, mining, manufacturing, and a business confidence index.

The rand was trading at 16.9375 against the dollar, which is about 0.2% lower than the previous session’s close.

Statistics South Africa reported that mining output rose by 5.8% year-on-year in October. 

Manufacturing production also saw an increase of 0.2% year-on-year in October, surprising economists surveyed by Reuters, who had…

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