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South Africa’s richest province hacked, and interest rate hikes back on the menu | SA News

Staff Writer
 ·14 Mar 2026

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The South African rand extended its fall on Friday, heading for a second consecutive week of losses as surging energy prices, fuelled by conflict in the Middle East, rattled global markets and heightened inflation concerns.

The rand traded at R16.80 against the dollar, little changed from its Thursday close of 16.7950, while the greenback was last up 0.4% against a basket of currencies.

The rand has faced sustained pressure since the US-Israeli war on Iran started…

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