Is the rand going back to R17 against the dollar?
South Africa’s new government marked its 100th day in power on Sunday, and while the coalition has been credited with lifting market sentiment spurring hope that the country may finally be finding its footing after a lost decade-and-a-half. At the same time, the rand has been at a 20-month high against the dollar. The question is how much further can it strengthen? and how long the rally will last? To help us answer that question, CNBC Africa is joined by Mamokete Lijane, Global Markets Strategist at Standard Bank CIB and Manqoba Madinane, Strategist: Fixed Income, Fx and Commodities, RMB.
Fri, 27 Sep 2024 11:51:17 GMT