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
Ingersoll Rand which maintains commercial and residential security hardware brands such as Schlage, Von Duprin, LCN, Bricard, Interflex, Normbau and CISA. In August 2014, it was announced that Ingersoll-Rand would acquire the centrifugal compression unit of Cameron International for $850 million. In September 2017, the Asthma and Allergy Foundation of America and Allergy Standards Limited announced that the Trane CleanEffects™ whole home air cleaner from Ingersoll Rand has earned the Asthma and Allergy Friendly Certification. This is the first whole home air cleaner to receive this Certification. In October 2018, Ingersoll Rand has received takeover interest in its power tools business, which