The rand is slightly firmer after the greenback declined against a basket of currencies.

The removal of the country from a global financial crime watchdog’s list of countries under heightened scrutiny also helped the local currency.

The Financial Action Task Force’s (FATF) decision to remove South Africa from the greylist is a major boost for its reputation and financial system.

Africa’s biggest economy was added to the grey list in February 2023 following criticism of its anti-money laundering and anti-terrorist funding mechanisms.

The rand is currently trading at R17.20 to the US dollar.

Video | Markets | 27 October 2025