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
West Rand creation of the Johannesburg unicity in 1999, Roodepoort, which is traditionally regarded as part of the West Rand, became part of Johannesburg municipality. After 1999, much of the area (excluding Roodepoort, which became part of the City of Johannesburg Metropolitan Municipality) became part of the newly formed West Rand District Municipality. Despite being a separate municipal area, like the East Rand, the West Rand is included in the Witwatersrand urban area. To this end, the West Rand shares the same dialling code as Johannesburg (011 locally). It is not uncommon for residents of the West Rand to work in Johannesburg