Tuesday, 18 August, 2026
Safe-Haven Flight: Middle East Hostilities Drag Down South African Rand
By TechShots Studio
The South African rand came under pressure as escalating geopolitical tensions in the Middle East dampened global risk appetite. With investors fleeing high-beta emerging market assets in favor of traditional safe havens like the US dollar, the high-yielding rand slipped alongside local bonds. Concerns over potential oil supply disruptions, rising import costs, and broader global growth risks continue to weigh on investor sentiment.
Read full story at REUTERS