Our Rand continues to surprise Just when you think the rand is heading in a particular direction it turns the corner and surprises. A while ago just after Minister of Finance Nene was fired the rand easily weaken to nearly R17 to the US$. We all then assumed it would...
S&P Global Ratings downgraded South African local currency debt to “junk” territory on Friday, citing a further deterioration in the country’s economic outlook and public finances, sending the rand tumbling. Essentially the downgrade points to the risk investors...