The rand has been around and about lately, but early on Friday it was back at R14.20 to the dollar — a far cry from the R19 at which it cratered little more than a year ago, as global markets went into Covid-crisis mode.

So why is the rand looking so strong?..

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