South African rand edges up as investors watch developments in the Middle East
Published on March 4, 2026.
The South African rand has risen in early trading, with investors watching developments in the Middle East, oil prices, and major economies. The rand traded at 16.4950 against the dollar, about 0.2% up from its previous close. This comes after South Africa's stocks, government bonds, and the country's sovereign currency extended losses amid escalating U.S. and Israeli strikes on Iran.
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