Good news about South Africa’s 10-year driving licence, and Capitec coming after people earning over R50,000 a month

The rand weakened on Wednesday following a higher-than-expected US inflation report, which increased expectations that the Federal Reserve may raise interest rates later this month.The rand was trading at 16.62 against the dollar, approximately 0.8% weaker than its previous close.The dollar index, which measures the value of the dollar against a basket of currencies, rose to 102.87, up 0.7% from Tuesday’s close.