South African rand firms on commodity boost
Published on March 30, 2026.
The South African rand has risen due to broad gains in commodity prices and the ongoing conflict in the Middle East. The rand traded at 17.0525 against the dollar, about 0.4% up from its previous close. However, gains were capped by a surge in energy prices, raising inflation concerns. The South African Reserve Bank reported that M3 money supply growth last month was 8.39%, up from 7.44% in January.
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