South African rand losses in the currency to look for higher-yield investments elsewhere and due to concerns over the impact of the economic slowdown in China, South Africa's largest export partner. By mid-January, economists were speculating that the Rand could expect to see further volatility for the rest of 2016. By 29 April, it reached its highest performance over the previous five months, exchanging at a rate of 14.16 to the United States dollar. Following the United Kingdom's vote to leave the European Union (EU), the Rand dropped in value over 8% against the United States dollar on 24 June 2016, the currency's
Rand Building England. The Buffalo Broadcasting Company moved its stations WGR and WKBW to the building in 1922; the stations had moved out of the building by 1959. The "GR" in WGR stands for George Rand; the station was founded by the Federal Telephone and Telegraph company in 1922, in which Rand was a major investor. Today, the stations in the Townsquare Media cluster (WMSX, WBLK, WBUF, and WYRK) broadcast from studios in the Rand Building and have their transmitting antennas located atop its beacon. Adjacent to the Rand Building is 10 Lafayette Square in Lafayette Square. George F. Rand Jr. had