empty
 
 

17.02.202615:34:22UTC+00South African Rand at Over 1-Week Low

The South African rand weakened toward 16.1 per USD, its lowest level in more than a week, pressured by a stronger US dollar and declining prices for key precious metals, particularly gold and platinum. At the same time, traders weighed the latest domestic economic data. South Africa’s unemployment rate fell to 31.4% in Q4 2025 from 31.9% in the previous quarter, its lowest reading in over five years. Despite this improvement, joblessness remains extremely high, with more than 8.4 million people still seeking work, underscoring the country’s entrenched employment crisis. Market focus now shifts to the inflation report due on Wednesday. President Ramaphosa has recently reaffirmed plans to accelerate structural reforms aimed at boosting growth, attracting investment, and improving public-sector efficiency—measures that could support job creation. Additional details are expected in Finance Minister Godongwana’s annual budget on February 25.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback