The rand is stronger against the US dollar than it was a decade ago as a falling dollar and surging gold price lift the local currency.
Browsing: Wichard Cilliers
The rand slumped on Monday as investor concerns mounted over a power crisis that prompted President Cyril Ramaphosa to cancel a trip to Davos.
Any expectations of a respite for the rand after last week’s beating were given a final nail in the coffin when President Jacob Zuma stated that the turmoil regarding Nenegate was not all that serious, and that markets did not understand what he was trying to do
Local and international markets have reacted aggressively to the axing of the “capable finance minister” Nhlanhla Nene, according to TreasuryOne. International markets have displayed their