The Rand in 2017

The Rand in 2017

The Rand closed out 2016 with an impressive rally against major currencies – bringing a smile to the faces of those travelling overseas or moving funds offshore. The question is whether the Rand will continue this positive momentum in 2017.

How the rand has fallen since

How the rand has fallen since 1994

Since South Africa’s first democratic elections in 1994 the strength of the South African rand started on a journey of steady decline. Initially it was uncertainty about the country’s new government that saw the rand weaken to an average R3.55 versus the dollar in 1994 (Historically the rand was worth US $ 1.40 from the […]