Mozambican Metical

Mozambican Metical

The metical (plural: meticais) is the currency of Mozambique, abbreviated with the symbol MZN or MT. It is nominally divided into 100 centavos. The name metical comes from Arabic مثقال (mithqāl), a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

Johannesburg overview

Johannesburg (/dʒoʊˈhænɪsbɜːrɡ/; Afrikaans: [jʊəˈɦanəsbœrχ]; also known as Jozi, Joburg, and eGoli)[1] is the largest city in South Africa and one of the 50 largest urban areas in the world.[9] It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa.[10] While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.[citation needed]

The metropolis is an alpha global city as listed by the Globalization and World Cities Research Network. In 2011, the population of the city of Johannesburg was 4,434,827, making it the most populous city in South Africa.[11] In the same year, the population of Johannesburg's urban agglomeration was put at 7,860,781.[5] The land area of the municipal city (1,645 km2 (635 sq mi)) is large in comparison with those of other major cities, resulting in a moderate population density of 2,364/km2 (6,120/sq mi).

The city was established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado[by whom?] due to the extremely large gold deposit found along the Witwatersrand.[12] The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population grew to 100,000 inhabitants.

A separate city from the late 1970s until 1994, Soweto is now part of Johannesburg. Originally an acronym for "South-Western Townships", Soweto originated as a collection of settlements on the outskirts of Johannesburg, populated mostly by native African workers from the gold mining industry. Soweto, although eventually incorporated into Johannesburg, had been separated as a residential area for Blacks, who were not permitted to live in Johannesburg proper. Lenasia is predominantly populated by English-speaking South Africans of Indian descent. These areas were designated as non-white areas in accordance with the segregationist policies of the South African government known as Apartheid.[citation needed]

Best 5 MZN to ZAR exchange rate in Johannesburg - 5 Mozambican Metical to South African Rand

Best MZN/ZAR rate at Bidvest Bank in Johannesburg

5 MZN to ZAR exchange rates at Bidvest Bank in Johannesburg
5 Mozambican Metical = 0.956 South African Rand
Exchange MZN at Bidvest Bank to ZAR in Johannesburg
5 Mozambican Metical = 0.956 South African Rand
10 Mozambican Metical = 1.913 South African Rand
25 Mozambican Metical = 4.782 South African Rand
50 Mozambican Metical = 9.564 South African Rand
Exchange Mozambican Metical at Bidvest Bank to South African Rand in Johannesburg
Bidvest Bank
Bidvest Bank

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5 MZN to ZAR exchange rates news

Mozambique: The anatomy of corruption | Southern Africa

The Africa Report shines a light on how an African government crafted a shady deal, with the help of international contractors and big banks, that the country’s citizens will be paying for over decades to come

about 2 months conditional neutral
Mozambique: Central Bank Leaves Interest Rates Unchanged

The Monetary Policy Committee of the Bank of Mozambique, at a meeting on Monday, decided to keep the central bank's benchmark interest rate unchanged at 15 per cent.

2 months indicative neutral
Mozambican SOEs fail to account for $500m | IOL Business Report

Loans are being investigated

over 1 year conditional neutral
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 1 month conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

Johannesburg news

Pitch Black Afro's murdered wife to be buried in Soweto

Thulani Ngcobo, also known as Pitch Black Afro, appeared on Thursday in the Johannesburg Magistrates Court on charges of premeditated murder and defeating the ends of justice.

3 days conditional negative
Zambian president swears in new army chief

JOHANNESBURG (Reuters) - Zambian President...

17 days indicative neutral
AMD, ZamaZamas and the imminent collapse of Johannesburg
AMD, ZamaZamas and the imminent collapse of Johannesburg

Years ago the mainstream media made a meal of how acid mine drainage was going to be the undoing of the Johannesburg CBD - the new fear is now ZamaZamas.

about 2 months subjunctive negative
Digging to disaster: how illegal mining is putting Johannesburg at risk
Digging to disaster: how illegal mining is putting Johannesburg at risk

Experts have sounded the alarm that illegal miners are blasting to within metres of highly flammable gas and fuel lines under Johannesburg.

about 2 months conditional negative
A view of Johannesburg through lenses from a different era

Johannesburg Then and Now is an important book about what ought to be appreciated and "saved".

2 months indicative neutral
The ten best breakfast places in Johannesburg
The ten best breakfast places in Johannesburg

A selection of the best Jozi has to offer.

2 months indicative positive
Johannesburg weather: Severe thunderstorms and hail expected
Johannesburg weather: Severe thunderstorms and hail expected

Downpours, damaging winds and the possibility of localised flooding reported over large parts of Gauteng, according to Johannesburg weather forecast.

2 months indicative positive
Man shot and killed in apparent Johannesburg hijacking | IOL News

A man was shot dead during an apparent hijacking on Mint Street in Fordsburg, Johannesburg, paramedics said.

2 months subjunctive neutral

5 MZN to ZAR currency converter in Johannesburg