Rand takes new hit as Middle East tensions bolster dollar

Author: News24 Business team and ReutersPublished on: July 14, 2026Country: South Africa

Business & Economy

Rand takes new hit as Middle East tensions bolster dollar

The South African rand weakened against the US dollar as Middle East tensions drove investors to the safe-haven currency. This decline adds to recent losses for the rand, which has been under pressure. Global uncertainty continues to impact emerging market currencies.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Safaricom’s Ethiopia partners have right to buy back 2.8pc stake

Business & EconomyEthiopia

Charles Mwaniki•17m ago

Safaricom’s Ethiopia partners have right to buy back 2.8pc stake

Safaricom disclosed that its co-investors in its Ethiopia subsidiary retain the right to buy back the 2.78% stake they lost after a cash call. The capital injection raised Sh21.3 billion, increasing Safaricom and Vodacom's combined stake from 57.41% to 60.19%. Minority shareholders Sumitomo, BII, and IFC did not participate, resulting in their combined stake falling to 39.81%. The shareholders' agreement allows them to claw back their lost stakes in the future by purchasing shares directly from Safaricom and Vodacom or through proportional capital injections.

Employment claims are rising: Is your business insured? The case for Employment Practices Liability Cover in Kenya

Business & EconomyKenya

Hiram Nyaburi, Tabitha Weru, Eric Karuti•1h ago

Employment claims are rising: Is your business insured? The case for Employment Practices Liability Cover in Kenya

Employment disputes are an increasing source of legal and financial risk for employers in Kenya. Claims for unfair termination, discrimination, or harassment can lead to costly compensation. Employment Practices Liability Insurance (EPLI) covers these risks, excluding intentional misconduct. It provides financial protection and encourages better HR practices.

Prioritise savings to secure long-term financial health - Business Daily

Business & EconomySociety & LifestyleKenya

Raphael Lekolool•1h ago

Prioritise savings to secure long-term financial health - Business Daily

Mobile lenders disbursed over Sh133 billion in microloans to 7.5 million borrowers. Default rates on advances under Sh1,000 exceeded 80%, with one in six falling into complete default. Many borrowers use loans for daily expenses and non-essential spending, even betting. Short repayment windows and accumulating penalties worsen the situation, while blacklisting at credit bureaus restricts access to formal credit for years.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more