The rand gained for a third day as easing inflation worries and optimism over the reopening of economies, especially in the eurozone, outweighed Covid-19 concerns.

The rand, which broke below R14/$ for the first time in more than a year on May 10, traded below the psychologically important level for the first time in four days, reaching an intraday best of R13.96/$. ..

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