Over the past year, the rand has been battered, and it seems as if there will be no relief any time soon. Moneyweb SouthAfrica
Over the past year, the rand has been battered and it seems as if there will be no relief any time soon. Consequently, we have had to revise our year-end USD/ZAR forecast up from R16.50 to R17.50 and we will consider taking money offshore for our clients at R18 levels.
30 to US dollar Rand’s worst rout since Covid We do not believe we are close to this point but markets seem to be starting to price this in as a potential eventuality. Even if we do not have a total grid collapse, government’s persistent erosion of the business environment is weighing down any potential we have for growing our economy sustainably.
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