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5 important things happening in South Africa today

Vodacom, MTN and Cell C are enabling unscrupulous wireless application service providers to steal billions from subscribers; experts warn that a second wave of Covid-19 is waiting, if South Africans drop the ball; data shows how lockdown devastated various sectors; and South Africa’s Information Regulator says it is underfunded and under-supported.

Rand breaks below R17 vs the dollar

The rand dipped below R17.00 against the dollar on Monday (24August), taking full advantage of the current risk-on environment which is creating an opportunity for emerging markets to gain momentum, said Bianca Botes, executive director at Peregrine Treasury Solutions.