Following last weeks plunge by the rand, it has made an almost 3% recovery.
Following the public dispute by the African National Congress (ANC) regarding the SA Reserve Bank mandate the rand reached a high of R15.10 to the dollar.
Fin24 reported that according to analysts the currency’s turnaround is due to several factors including a rise in manufacturing.
Trump’s threats to impose further sanctions on Chinese imports continues to place a risk on trade with Asian stocks.
As at Wednesday at 10:10am the rand was trading at R14.62 to the greenback after opening at R14.82.