EDITORIAL: Here’s hoping for some early Ramaphosa wins in 2020
President needs to get off on the right foot to help boost the rand and grow the economy
20 December 2019 - 05:10
After the exhausting year that 2019 has proved to be, it is hard to believe that the currency may actually end with a little gain. Over the past month, the rand is up more than 3% against the dollar — the second best-performing major currency after the Brazilian real — meaning for 2019 it is now up 0.2%.
Considering the headlines about the economy and possible ratings downgrades, the reasonable expectation would have been that 2019 would turn out as dismal as 2018, when it crashed by a huge 16%. But before we get excited, this hasn’t been of our doing...
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