The Rand ended December 2023 on a relatively positive note, concluding at R18.28 against the US Dollar and R23.29 against the British Pound.
The rand continues its woeful performance against almost all traded currencies and has continued to be a standout underperformer.
The rand has been the black sheep of the emerging-market currencies – plagued by load-shedding and troubles with state-owned enterprises.
Do you think the rand could hit R25 to the dollar? Some economists warn that poor governance could steer the rand to a new low.