The rand slipped this Tuesday however, despite being at the whim of global factors - it may come out better than expected.
The rand shows positive yields despite remaining volatile.
Investec's chief economist Annabel Bishop paints a bleak picture for businesses and salaries in South Africa.
South Africa is being hit with a barrage of bad news.
South Africa needs a stronger rand to counteract rising oil prices, which are being driven higher by oil producers.
Annabell Bishop, the chief economist for Investec says that the rand is remaining volatile.
Key economic events have shifted the outlook for South Africa - this is what the best and worst case scenario looks like.
A shifting political landscape in South Africa is throwing up red flags for businesses and investors.
Markets are unimpressed with Ramaphosa's promises.
Brand Finance data says Standard Bank is the most valuable banking brand in South Africa
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