Finance

Rand trades weak amidst US Dollar rally buffered by SA consumer confidence at an all time high.

Currently trading at R 12.38 to the US Dollar the rand has seen a decline having fallen as far as R 12.53 this week. Speculation that the dollar and US Treasury rally has peaked is rife with the rally stabilizing.

The rand has also been assisted with a bullish sentiment since Cyril Ramaphosa has been elected president. Consumer confidence is also at an all time high in the first quarter of 2018 with confidence in possible healthy governance ahead.