The South African rand recovered some losses on Friday after slumping to a four-month low earlier on the back of positive U.S. payrolls data.

Oil prices rallied while the dollar and yen advanced on Monday after Hamas launched a shock attack on Israel at the weekend.

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Here’s why the SA Rand is tanking against the US Dollar, and some of the challenges that lie ahead for South Africans.

The dollar charged toward a 12-week winning streak on Friday, though it remained mostly rangebound as markets looked to U.S. nonfarm payrolls data later in the day for clues on whether the Federal Reserve’s hawkish messaging on rates will need tweaking.

The very early fuel price projections for November 2023 shows some good news for petrol drivers, but more bleak news for diesel car owners.

Elon Musk’s social media platform X has stripped headlines from articles in a move likely to worsen relations with media groups.

Municipal electricity debt in Gauteng continues to increase rapidly, the City of Tshwane and Ekurhuleni owe Eskom over R4 billion.

The U.S. dollar retreated on Wednesday, tracking the pullback in U.S. Treasury yields, amid a mixed set of data suggesting that there are pockets of weakness in the world’s largest economy.

Pick n Pay has announced that Pieter Boone is stepping down as Group CEO and will be replaced by Sean Summers.

The early fuel price projections for November 2023 shows some good news for petrol drivers, but more bleak news for diesel car owners.

The South African rand extended losses on Tuesday, bearing the brunt of the stronger dollar and surging U.S. Treasury yields, analysts said.

The South African rand has been under enormous pressure this week following its dynamics with the GBP and USD. More in the following report.

Mozambique has decided to press forward with its pursuit of compensation from shipbuilding firm Privinvest and Russian bank VTB.

The pound Sterling fell sharply on Monday, continuing a weak run that saw it drop 3.7% in September, its worst monthly performance in a year.

President Cyril Ramaphosa has said that the economy has grown larger than it was before the Covid-19 pandemic.

The dollar began the last quarter of the year in the ascendant on Monday due to prospects of U.S. interest rates staying higher for longer, and the yen’s slide to a near one-year low put traders on watch for intervention by Japanese authorities.

There were calls for Transnet CEO Portia Derby to be fired when she expressed fear of job losses in the trucking sector should rail improve.

Eskom says Kusile Power Station Unit 3 returned to service two months ahead of schedule and will improve generation capacity by 800 MW.

The Pretoria to Kempton Park commuter rail service has resumed operations, by the Passenger Rail Agency of South Africa (PRASA).