WATCH: How the rand reacted to the medium-term budget
Reezwana Sumad from Nedbank talks to Business Day TV to about the factors affecting the local currency
The rand was under pressure on Wednesday afternoon after finance minister Tito Mboweni presented his medium-term budget policy statement (MTBPS).
There are suggestions, however, that the trend will be short-lived, especially as focus shifts to the US Federal Reserve later on Wednesday evening.
Reezwana Sumad from Nedbank joined Business Day TV to discuss the factors affecting the local currency.