The rand’s recovery, which saw it on Friday post the biggest gain since the December 2017 ANC conference that propelled Cyril Ramaphosa to the presidency, has more legs in it despite lingering concerns about the country’s economic and fiscal outlook.
SA’s currency, often a barometer of investor sentiment towards emerging markets due to its status as being among the most easily traded, jumped 3.6% last week as global central banks struck a dovish tone on interest rates.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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