Is the rand in trouble? The South African currency lost more than 30 cents of its value against the dollar after the US ambassador accused the country of providing weapons and ammunition to Russia.
The Russian fleet sent to South Africa for naval exercises was led by the Admiral Gorshkov warship, seen here in Cape Town in FebruaryThe US ambassador to South Africa has accused the country of supplying weapons to Russia despite its professed neutrality in the war in Ukraine.
The presence of the ship, the Lady R, had seemed curious at the time and raised questions from some local politicians. Washington has also expressed concerns about South Africa's participation in military exercises with Russia and China during the anniversary of the invasion of Ukraine.South African President Cyril Ramaphosa told parliament his government was looking into the claims
The president asked opposition parties to allow for the process to be completed, adding that "in time we will be able to speak about it". But either way, this does not bode well for South Africa's international ties, especially with the US, one of its largest trade allies.
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