MARKET WRAP: Rand bounces back but move could be ‘exaggerated’ in thin holiday trade

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MARKET WRAP: Rand bounces back but move could be ‘exaggerated’ in thin holiday trade
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Local unit recovers recent losses to be positive for 2022 so far

The rand bounced back from Tuesday’s losses just a day after President Cyril Ramaphosa received the first of three parts of the state capture report from acting chief justice Raymond Zondo.

The report recommends wide-ranging repercussions for those who have pilfered state resources, including recouping losses and the laying of criminal charges...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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