News

Rand is improving having recovered by almost 3%

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.