The rand looked set for its second day of gains on Friday as emerging-market currencies rebounded from earlier losses and positive data from China aided global market sentiment.

“Emerging-market currencies are a natural repository for market angst, trading weaker at first amid all the doubt but finding their footing as the trading day has progressed,” said Rand Merchant Bank analyst Nema Ramkhelawan-Bhana...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now