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South Africa submits ambitious deal to the US, and the state-owned firm that pays the average worker R1.7 million | SA News

Malcolm Libera
 ·25 May 2026

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The rand remained mostly stable in early trading on Friday, as investors refrained from making significant bets ahead of the South African Reserve Bank’s (SARB) interest rate decision next week.

It traded at 16.47 against the dollar, very close to its previous close. The market is primarily focused on the SARB’s Monetary Policy Committee meeting scheduled for Thursday.

Most economists anticipate a 25-basis-point rate hike, likely resulting from a split vote. Economists…

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