The rand rose in early trade on Monday, the start of a data-heavy week that includes the mid-term budget statement.
Browsing: ETM Analytics
The rand posted strong gains on Friday, as traders pushed out expectations for interest rate cuts.
The rand plunged to a three-year low on Wednesday as fears grew of load shedding worsening during winter.
The rand slumped on Monday as investor concerns mounted over a power crisis that prompted President Cyril Ramaphosa to cancel a trip to Davos.
The rand fell on Monday, ahead of the US Federal Reserve and the Bank of England’s interest rate decisions.
Investors are betting on a South African rate increase as inflation expectations surge in the wake of a collapse in the rand. Forward-rate agreements starting in 12 months, used to speculate on policy moves, added 40 basis
Naspers, being heavily exposed to Chinese Internet giant Tencent, has been benefiting from an aggressive rally in Chinese equities since the third quarter of 2014, according to an analyst. Rob Price of ETM Analytics said on Tuesday that the Shanghai composite