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South Africa hits two countries with tariffs of its own, and motorists warned not to panic | SA News

Caitlyn Hilliard-Lomas
 ·20 Mar 2026

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The rand remained stable in early trading on Thursday as investors assessed the US Federal Reserve’s stance, which tempered expectations for near-term interest rate cuts.

Additionally, the ongoing conflict in the Middle East is keeping risk sentiment fragile.

The rand was trading at 17.01 against the dollar, showing little change from its previous close of 16.9975.

On Wednesday, the Fed adopted a hawkish tone due to soaring energy prices linked to the…

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