South Africa's rand gained against a weaker dollar on Wednesday, as investors awaited President Cyril Ramaphosa's national address on Thursday and closely watched developments between the U.S. and China in their dispute over tariffs.

South Africa’s President Cyril Ramaphosa has spoken with Elon Musk to discuss “issues of misinformation and distortions about South Africa,” according to a statement shared on Tuesday (Feb. 4). “In the process,

South African President Cyril Ramaphosa responded on Monday to US President Donald Trump’s threat to cut off aid over the alleged mistreatment of White farmers, denying Trump’s claim that authorities were “confiscating land.