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
East Rand Stereo studios, a fully operational newsroom and a news team, various administrative offices, permanent staff, an active sales team and approximately 20 freelance presenters and technical engineers. East Rand Stereo currently broadcasts from Springs and supplies local entertainment and news to most parts of Ekuruleni, also known as the East Rand. Areas currently covered include Springs, Brakpan, Benoni, Parts of Boksburg, Parts of Kepmton Park, Parts of Germiston and Parts of Alberton. From its early days to now, it has been important for East Rand Stereo to give something back to the community to whom it broadcasts. East Rand Stereo not