South Africa's commodity-backed currency was stronger against a weaker dollar on Friday, helped by higher gold prices as worries over the United States' worsening fiscal health sent investors into the safe-haven asset.

VAT hike still on the table: According to Izak Odendaal, chief investment strategist at Old Mutual Wealth, South Africans may face a VAT increase next year if the National Treasury cannot improve government spending efficiency and SARS does not close the tax gap. [ Daily Investor]

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

South Africa's rand, stocks and government bonds strengthened on Friday, boosted by higher gold prices as worries over the United States' worsening fiscal health sent investors into the safe-haven asset.

Welcome to the South African Rand exchange rate & live currency converter page. The South African Rand (ZAR) exchange rates represented on this page are live, updated every minute within the forex ...

A South African one rand coin sits on South African rand banknotes in this arranged photograph in Pretoria, South Africa, on Wednesday, Aug. 14, 2019. The rand ended a tumultuous week on a ...

CAPE TOWN (Reuters) -South Africa's National Treasury said on Wednesday that this fiscal year's budget deficit would be wider and public debt higher after it was forced to backtrack on a proposed increase in value-added tax (VAT).