rand's

In an interview, South African Trade Minister Rob Davies said the rand's recent depreciation—5.8% over the past 10 days—represents a "modest change in the right direction."

Debate Over Value of Rand Jenny Gross 2011

It has weakened since, but clawed back some of the lost gains after the national budget, unveiled in late February, didn't include any new measures to curb the rand's appreciation.

South Africa's Currency Dilemma Mariam Isa 2011

She said a more activist central bank is probably not going to do much to reverse the rand's gains, but the government's hints at further liberalization may forestall continued appreciation.

South Africa to Loosen Exchange Controls Robb M. Stewart 2010

Malcolm Gray, a portfolio manager at Investec Asset Management, said that African markets—less integrated with the global economy than Asian markets—were unlikely to see interest-rate decreases or holds given the rand's spike to the dollar this week.

Selloff Helps Emerging Nations 'Cure' Inflation Alex Frangos 2011

Many South African officials say the rand's strength is hampering a recovery because it makes mining and manufacturing exports more expensive for foreign buyers.

South Africa's Currency Dilemma Mariam Isa 2011

But analysts say South Africa can't afford to react to the rand's rise by rattling foreign investors at a time when inflows are sorely needed to cover the shortfall on its current account and its budget deficit.

South Africa Split Over Capital Controls Mariam Isa 2011

The measures represent a new confidence on the part of the South African authorities, that they are in a better position to be able to take steps to deal with the rand's strength, said Razia Khan, head of regional research at Standard Chartered.

South Africa to Loosen Exchange Controls Robb M. Stewart 2010

Persistent but relatively small-scale official dollar-buying by the country's central bank also have helped to slow the rand's advance.

South Africa Split Over Capital Controls Mariam Isa 2011

One step the Treasury did take in October was opening its doors wider for capital to leave the country, hoping that more buying of foreign currency will counterbalance the rand's strength.

South Africa's Currency Dilemma Mariam Isa 2011

Ms. Marcus said the rand's appreciation against other key currencies has been a positive factor for the inflation outlook, but cautioned that an "excessively strong" exchange rate is a cause for concern for the wider economy.

South Africa Unexpectedly Cuts Lending Rate Robb M. Stewart 2010