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South Africans warned to evacuate countries while they can, and iconic South African banks close branches | SA News

Malcolm Libera
 ·5 Mar 2026

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The rand made a recovery on Wednesday after a sharp selloff the previous day, which was triggered by escalating conflict in the Middle East.

The rand traded at 16.3975 against the dollar, up about 0.9% from its previous close. The Johannesburg Stock Exchange’s All-Share index was up approximately 1.5%. 

The rand had closed down around 2.5%, and the All-Share index experienced a significant drop of 5.5% as investors sought safety amid military actions by Israeli and US…

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  2. Fun South African Fact: The oldest remains of modern humans were found in South Africa and are well over 160,000 years old.