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R7 billion hole for one of South Africa’s major cities, and good news on the table for people with solar panels | SA News

Caitlyn Hilliard-Lomas
 ·20 Feb 2026

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The rand weakened against a stronger dollar on Thursday as investors awaited key US inflation data that could impact the Federal Reserve’s monetary policy.

The rand was trading at 16.1550 against the dollar, approximately 0.6% lower than Wednesday’s close, having been more than 1% weaker earlier in the day.

The dollar rose 0.3% against a basket of currencies as traders anticipated the December Personal Consumption Expenditures report, which is the Fed’s…

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  1. Fun South African Fact: Despite the country’s status as a democratic republic, the Province of KwaZulu-Natal has a monarchy, specially provided for by the Constitution. Goodwill Zwelithini kaBhekuzulu is the King of the Zulu Nation, has 27 kids and 6 wives and lives, literally, like a King!

  2. Elon Musk was born in South Africa, and made an electric car. What if he had been born in Madagascar?

    He would have made a gas car