The rand (USD/ZAR) has not been a one-way road. Yet SA portfolios are more likely to be adding dollars when they are expensive and not doing so when the rand has recovered.

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.