South Africa could be paying an extra R93.5 billion every year for social grants, and SpaceX has its best day ever
- South Africa will not be paying an extra R93.5 billion every year for social grants, as there is no information in the article about this claim.
- The rand strengthened against the dollar due to shock US jobs data, which showed the US economy unexpectedly shed 23,000 jobs in July and revised previous employment figures lower.
- The weaker dollar and potential for lower US interest rates could provide support to emerging-market currencies like the rand, but South Africa's local labour market remains weak with a 32.7% unemployment rate.
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