The dollar and the rand. Picture: REUTERS/ SIPHIWE SIBEKO
The dollar and the rand. Picture: REUTERS/ SIPHIWE SIBEKO

Viv Govender from Rand Swiss Offshore advises investors to go long rand and short dollar as his stock option for this week.

“Long the rand, short the dollar. I think we’ve gone way beyond it, the last price I checked it was about R14.74/$, and I think that’s just beyond where the market really should be and, of course, the cabinet selection will have an effect on the dollar-rand exchange.”

Viv Govender from Rand Swiss Offshore talks to Business Day TV about his stock pick of the day

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