CURRENCY
JP Morgan expects rand to extend gains as currency hits 16-month highs
Rand strength is sparking more interest in SA assets from foreign investors
10 May 2021 - 14:34
UPDATED 10 May 2021 - 18:41
US banking giant JP Morgan expects the rand to extend the gains that pushed it to 16-month highs as the country benefits from surging commodity prices that have boosted the foreign exchange earnings of mining companies.
That is sparking more interest in SA assets from foreign investors, who are also awaiting the implementation of structural reforms to boost the economy’s competitiveness, it said...
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