Rand a little weaker as investors digest SA’s post-budget outlook
After initially surging as a result of what many analysts said was a positive budget, the local currency has weakened on Thursday
25 February 2021 - 08:52
The rand on Thursday morning had returned to levels seen just before finance minister Tito Mboweni delivered the budget, with analysts saying it was better than expected, but is was unclear whether if the government can deliver on its promises.
The local currency surged to a one-year high against the dollar on Wednesday, strengthening as much as 0.9% to R14.3919/$, and ultimately ending the day 0.31% better...
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