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
The Rand Daily Mail black newspaper "The Sowetan" described "The Rand Daily Mail" as the first white newspaper to regard blacks as human beings. Yet for most of the apartheid period (1948–1990) the paper suffered from poor management, government infiltration, and state censorship. The management often tried to replace more liberal editors with conservative ones. After the closure of "The Rand Daily Mail", some of its journalists (like Anton Harber and Irwin Manoim) pooled their severance pay to start the "Weekly Mail" (now "Mail & Guardian"), which carried on the anti-apartheid stance of its predecessor. Times Media Group held the rights to "The Rand