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Trump snubs South Africa, and top investing CEO warns of major capital flight | SA News

Malcolm Libera
 ·9 Sep 2025

The rand strengthened on Monday as markets anticipated the release of local gross domestic product (GDP) figures, which could provide insights into the health of Africa’s largest economy. 

The rand was trading at 17.52 against the dollar, marking an increase of approximately 0.5% from Friday’s closing value. 

Statistics South Africa is scheduled to release the second-quarter GDP data on Tuesday, September 9. 

In the first quarter, the country achieved minimal quarter-on-quarter growth of 0.1%, as declines in sectors such as…

Agriculture: Agriculture plays a key role in the economy, with major exports
including fruits, wine, and maize.

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