He continues, "Our commitment to innovation is aptly demonstrated by the delivery of the first South African Rand
While Swaziland, Namibia and Lesotho allow the South African rand
to be used as "legal tender", they do not participate in the formulation of its monetary policy.
Favourable exchange rates for the American and Canadian dollars and South African rand
contributed to a third of the growth in EPS.
Another factor that could have a potential impact on platinum group metals (PGM) prices in the near-term is the recent appreciation in the value of the South African rand
against the U.
During the past two years, there has been a dramatic rally in the value of the South African rand
because of the country's high interest rates (8 percent) compared to those of America, Europe, and Japan.
But BAT said currency fluctuations had wiped pounds 45m off operating profits as the group suffered from a weaker US dollar and South African rand
Mackay acknowledged that one of the few blemishes on last year's results was the impact on earnings from the depreciating South African rand
, in which SAB still earns much of its sales.
Meanwhile continuing devaluation of the South African rand
has made offers of peaches attractive to European traders in spite of the duty.
Of course, the local currency, which tends to rise and fall with the South African rand
, just got ``hammered'' when the rand declined 20 percent.
The South African rand
was propelled lower in H211, partly by broad-based global risk aversion, but it recovered in early 2012.
6 billion South African rand
($422 million) in debt and 2.
In addition, Mondi plc South African branch register shareholders will receive the dividend in South African rand
cents, converted at a rate of EUR 1 to ZAR 13.