There’s little dispute that the South African rand is undervalued against other currencies. However, there is disagreement about the true extent thereof. One of the indications of the rand’s undervaluation
The market capitalisation of Tencent has rocketed through US$100bn for the first time, helping lift the share price of South Africa’s Naspers, which holds a one-third stake in the fast-growing Chinese Internet company, nearer to the R1 000/share level. In trading in Hong Kong on Tuesday
