💨 Abstract

The South African rand has reached an all-time low against the British pound at R24.65 per pound, and against the US dollar at R19 to the dollar. This depreciation is due to escalating tensions between the US and South Africa, internal political instability, and the introduction of a 30% global tariff on imports by President Trump.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖