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economic crisis

south african rand political instability
Business

The South African Rand’s Historic Plunge: A Reflection of Political and Economic Turmoil

by Hannah Kriel
April 9, 2025

In 2025, the South African Rand took a historic nosedive, reaching its lowest point ever against the euro and pound. Political chaos from a controversial national budget, along with new US tariffs, caused panic among investors, leading them to pull money out of the country. On April 9, the rand fell to R21.81/€ and above R25/£, creating a wave of uncertainty and rising inflation in South Africa. This crisis reflects not only economic struggles but also the deep political issues within the nation, urging everyone to unite for a better future.

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