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     Reuters on MSN.com

     South African rand falls as election vote count gets underway

     The South African rand fell on Thursday as early poll results showed the governing African National Congress was on course to lose its majority, a scenario that could lead to weeks of uncertainty as it tries to negotiate a coalition with one or more smaller parties.

     20 hours ago

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     Reuters on MSN.com

     South Africa's rand, stocks and bonds slip as projections show ANC losing majority

     18 hours ago

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     Wall Street Journal

     South African Stocks and Currency Drop After Early Election Results

     16 hours ago

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     Yahoo

     Rand Drops as Investors Fret Over South Africa Coalition Mix

     21 hours ago

   • Reuters

     South African rand stable, national election looms

     3 days ago

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2. People also ask

   Why did South Africa's rand Fall?

   • By Tannur Anders JOHANNESBURG (Reuters) -South Africa's rand slipped and the country's stocks and bonds came under pressure on Thursday after projections showed the governing African National Congress (ANC) was set to lose its parliamentary majority in this week's election.

   South Africa's rand, stocks and bonds slip as projections show ANC losi…

   www.msn.com/en-us/money/markets/south-africas-rand-stocks-and-bonds-slip-as-projections-show-anc-losing-majority/ar-BB1njNEl

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   How weak is the Rand against the dollar?

   • At 0716 GMT, the rand traded at 18.6525 against the dollar, over 1% weaker than its previous close. The dollar last traded around 0.1% weaker against a basket of global currencies. Vote counting was underway on Thursday after South Africans took to the polls on Wednesday in the most contested election since the end of apartheid.

   South African rand falls as election vote count gets underway

   www.msn.com/en-us/news/other/south-african-rand-falls-as-election-vote-count-gets-underway/ar-BB1njs2s

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   Can I cancel a South African election?

   • You can cancel any time. South African stocks and the rand currency fell Thursday, as early results were announced from this week's hotly contested national election. The African National Congress, which has been in power since Nelson Mandela was elected president in 1994, is at risk of losing its absolute majority.

   South African Stocks and Currency Drop After Early Election Results

   www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-05-30-2024/card/south-african-stocks-and-currency-drop-after-early-election-results-iUAVC0k2Q3CBeZhjwV8T

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   Will the Rand tread water ahead of Tomorrow's elections?

   • "The rand is likely to tread water during the course of the day ahead of tomorrow's elections, as markets close out positions in the rand ahead and keep them to a bare minimum."

   South African rand stable, national election looms

   www.reuters.com/world/africa/south-african-rand-stable-national-election-looms-2024-05-28/

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3. www.reuters.com › markets › currenciesSouth African rand weaker following Fed meeting minutes

   www.reuters.com › markets › currencies

   May 23, 2024 · The South African rand weakened on Thursday, after Federal Reserve meeting minutes released on Wednesday hinted that interest rates will remain higher for longer in the world's biggest economy.

   • South African rand falls as traders await Fed meeting minutes

     JOHANNESBURG, May 22 (Reuters) - The South African rand fell...

   • South African rand firms to 10-month high a week before ...

     JOHANNESBURG, May 21 (Reuters) - The South African rand...

4. www.bloomberg.com › news › articlesRand Traders Nervous Over Potential Reversal as South Africa ...

   www.bloomberg.com › news › articles

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   2 days ago · Bloomberg Terminal clients can click on ELEC ZA for more on South Africa’s elections. Election day is a public holiday in South Africa, and the nation’s stock and bond markets are closed. The ...

5. www.news24.com › fin24 › marketsRand, JSE bleed as investors fret over coalition mix

   www.news24.com › fin24 › markets

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   1 day ago · The rand’s implied volatility and bets for rand weakness over the next week against the dollar are trading at pandemic-era highs. South Africa’s main stock index fell as much as 2.3%, the most since November. That means the country’s stocks have nearly wiped out year-to-date gains, compared with a 3.4% advance in 2024 for MSCI’s ...

6. www.polity.org.za › article › south-african-randSouth Africa's rand, stocks and bonds slip as projections ...

   www.polity.org.za › article › south-african-rand

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   1 day ago · South Africa's rand slipped and the country's stocks and bonds came under pressure on Thursday after projections showed the governing African National Congress (ANC) was set to lose its parliamentary majority in this week's election. At 11:40 pm, the rand traded at 18.6400 against the dollar, around 1% weaker than its previous close. The currency is down around 2% since the start of the year.

7. www.news24.com › fin24 › marketsRand hits best level in months ahead of US inflation test

   www.news24.com › fin24 › markets

   • Cached

   May 13, 2024 · (Getty Images) For more financial news, go to the News24 Business front page. On Monday, the rand dipped below R18.35/$ – its strongest level since mid-January amid renewed optimism that US rates may be cut, along with subsiding election fears and commodity price strength.