A group of finance executives is drafting proposals to allow foreign-currency transactions on stock and bond exchanges in South Africa as the continent’s biggest economy aims to bolster its standing ...

Add Yahoo as a preferred source to see more of our stories on Google. (Bloomberg) -- South Africa’s government said there are no plans to create a so-called BRICS currency, after US President-elect ...

The South African rand has depreciated rapidly as the government prepares to deploy more troops, amid widespread violence following the arrest of former President Jacob Zuma. With protests now in ...

Banks: BNP Paribas, Rand Merchant Bank, BNP Paribas, Standard Bank (joint lead managers, with BBBE-E partners Theza Capital and Africa Rising Capital) As more countries choose to access Islamic ...

A strong currency yields numerous benefits for African economies, including amplified purchasing power, heightened foreign investment, reduced import costs, and broadened international trade. The ...

Standard Bank Group said currency devaluations, together with the recent strength of the South African rand, diluted its performance in local currency but backed its full-year guidance. The South ...