The rand has extended its recent rally, strengthening to a fresh 20-month high against the US dollar.
Browsing: Andre Cilliers
Eskom and trade unions cited progress in talks to end a strike that has caused South Africa’s worst power cuts in more than two years.
The rand, which managed to avoid a major blowout following riots in two of South Africa’s key provinces in July, finally gave way and weakened below the psychological R15 to the US dollar level on Thursday.