FX.co ★ South African Rand Hovers Around 2-Week Highs

The South African rand maintained a trading level of approximately 17.1 per USD, nearing its highest point since mid-November. This stability was attributed to a generally steady dollar and encouraging domestic GDP figures. In the third quarter of 2025, South Africa's economy grew by 0.5% compared to the previous quarter, marking its fourth consecutive quarter of expansion. Growth was recorded in nine out of ten industries, suggesting a robust and widespread recovery. This progress occurred despite renewed signs of fragility in the utilities sector and ongoing external challenges. The rand remains buoyed by factors such as monetary easing, improving fiscal metrics, controlled inflation, and a clearly defined inflation-targeting framework, all of which enhance the nation's economic outlook.