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[12] In 2014, South Africa experienced its worst year against the US dollar since 2009, [13] and in March 2015, the rand traded at its worst since 2002. [13] At the time, Trading Economics released data that the rand "averaged R4.97 to the dollar between 1972–2015, reaching an all time high of R12.45 in December 2001 and a record low of R0.67 ...
By 2009 South Africa's debt to GDP ratio dropped to 28% from 34.6% in 2006. [12] South Africa's debt grew between 2008 and 2012 as the country prepared for the 2010 FIFA World Cup [13] and run a countercyclical fiscal policy in response to the financial crisis of 2007-2008 [14] and the 2020 COVID-19 pandemic. This increased the debt to GDP ...
Bilateral trade between South Africa and the U.S. increased in 2021 to $24.5 billion, with a trade imbalance of $9.3 billion in South Africa's favour. [88] Industrial supplies and materials were the largest component of trade flows in both directions. [75] South Africa is also a net beneficiary of investment links between the
Combined with the prevailing gold-silver ratio of 15, the standard for gold was calculated at 371/15 = 24.73 grains fine gold or 26.98 grains 22K gold. Rounding the latter to 27.0 grains finalized the dollar's standard to 24.75 grains of fine gold or 24.75 × 15 = 371.25 grains = 24.0566 grams = 0.7735 troy ounces of fine silver.
South Africa also improved its public transport infrastructure within the host cities, including Johannesburg's Gautrain and other metro systems, and major road networks were improved. [31] In March 2009, Danny Jordaan , the president of the 2010 World Cup organising committee, reported that all stadiums for the tournament were on schedule to ...