South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. Siphiwe Sibeko (SOUTH AFRICA - Tags: BUSINESS)
South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. Siphiwe Sibeko (SOUTH AFRICA - Tags: BUSINESS)

South African rand under pressure as investors monitor latest U.S. strikes on Iran

July 16th, 2026 | 06:47 AM WORLD Africa 1

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By Reuters

The South African rand came under pressure on Thursday, as the latest ​escalation in hostilities between the United States and ‌Iran pushed oil prices back up and reignited inflation concerns.

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