South Africa's rand held on to early gains on Thursday after better-than-expected manufacturing data, while investors kept a close tab on trade negotiations in =the wake of U.S. President Donald Trump's latest tariff threats.

Here are five other important things happening in and affecting South Africa today:

A review of South Africa’s inflation target by the National Treasury and the nation’s central bank is close to completion, Governor Lesetja Kganyago said.

Convert South African Rand To Euro 1 ZAR = 0.047717 EUR Jul 11, 2025 14:28 UTC Check the currency rates against all the world currencies here.

The South African Rand (ZAR) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT.

The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.

The South African rand (ZAR) is the national currency of South Africa. Learn the rand's history, how its value has changed over time, and its role in international trade.

Uncertainty over proposed US tariffs on South African goods has pushed up the cost of hedging rand exposure, with markets bracing for further volatility ahead of the 1 August deadline.