The rand, which slid to its lowest level against the dollar in five months, may face months of volatility as investors await a timeline for a reduction of monetary stimulus by the US.

SA’s currency, which weakened to all-time lows near R20/$ after the Covid-19 outbreak reached SA late in March 2020, has since been among the best performers, as record-low interest rates and bond purchases in developed markets fuelled demand for higher-yielding assets...

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