The rand’s longest run of gains against the dollar in three weeks may be thwarted as investors look to the imminent departure of the country’s bonds from key indices, potentially leading to renewed outflows.

SA’s currency, the second-worst performer among emerging markets with a 25% drop in 2020, gained in each of the past three days as an increasing number of countries opened up their economies from extreme shutdowns prompted by the Covid-19 pandemic.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now