Andre Cilliers, a currency strategist at TreasuryONE, says that despite a weakening of the rand in recent sessions, it still remains undervalued.
With South Africans learning to live with the current cycle of stage 6 load shedding, many believe the ongoing power cuts to be the antagonist behind the weak rand. However, treasury experts say the power outages are only a small…
Eskom has again taken centre stage at a time when South Africa can ill afford blackouts at increasing regularity, and for longer periods of the day - while strike action is also unwelcome amid growing global economic concerns and rising…
An already fragile rand was back on the ropes in trade on Thursday (12 May), put there by a strong dollar benefitting from risk aversion.
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