Business, Politics

Rand drops to two-week low amidst capital inflow tax concerns

By Andy Rice 4 August 2010

The rand has depreciated to its lowest in two weeks on speculation that South Africa may introduce measures including a tax on capital inflow to curb the strength of the rand. The discussions about the possibility of weakening the rand are contained in a document posted on the ANC's website. The rand is the second-highest performing currency since the beginning of 2009, but the ANC says these gains are hurting exports. Read more: Bloomberg

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Gallery

Corruption, Inc

Thulas Nxesi: State Capture forces resist the clean up at Public Works

By Marianne Merten

Op-Ed

Inequality in South Africa: Beyond the 1%

Fazila Farouk and Murray Leibbrandt 20 hours ago

Riding a Black Unicorn Down the Side of an Erupting Volcano While Drinking from a Chalice Filled with the Laughter of Small Children is the title of a dark cabaret album by 'Voltaire'

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