Nenegate, Brexit and Trump: Ho

Nenegate, Brexit and Trump: How the Rand dodged the curse of 2016

It’s no secret, the start to 2016 was, how shall we say, an interesting time for the ZAR. Reeling from the incredible decision of President Zuma to remove Nhlanhla Nene from his cabinet on 9 December, the local currency hit some staggering lows in January. But a year is a long time and things have changed. Just how did the Rand fare against the Dollar, the Pound and the Euro? Read on to find out.

Dust settles after volatile we

Dust settles after volatile week

Last week ended off with a bombshell for the GBP, with the currency losing 6.1% against the USD in just two minutes. With the Pound at its lowest level in 31 years, many South Africans have been buying as much of the English currency as they can.