The South African Rand touched 16.13 today for the first time, since August 2022.
Trading Economics, said over the past 4 weeks, the Rand was buoyed by safe-haven flows into gold and other precious metals amid a turbulent geopolitical landscape.
“Traders also weighed December’s inflation data and its potential impact on the central bank’s next moves.”
This week, Lesetja Kganyago, Governor of the Reserve Bank (SAARB) is expected to communicate the bank’s decision on interest rates, on Thursday, the 29th January.
Kganyago said in Davos that the new 3% target has helped bring the country into a low-inflation environment.
There were reports on Monday that the United States has begun sending army ships to Iran. The Johannesburg Stock Exchange (JSE) and the Rand remained resilient back in June 2025, when the US reportedly did something similar.
Picture: SA Shares