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South African rand hit by double whammy of tariffs and shaky coalition - REUTERS

APRIL 03, 2025

JOHANNESBURG, April 3 (Reuters) - South Africa's rand was hovering near a three-month low on Thursday after being hit by a double-whammy of U.S. President Donald Trump's announcement of new and higher tariffs and the passing of a contentious budget vote that has threatened the ruling coalition's future.
At 0811 GMT, the rand traded at 18.90 against the dollar , not far from its previous close. It hit 19.0150 per dollar earlier in the day, its weakest since mid-January.

MARKET NEWS

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