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Rand And Mini Budget

  • The rand recoups some of its mini budget losses, but risks remain
  • Following the finance minister's medium-term budget address, the rand fell nearly 2%. Two days later and the currency is looking slightly stronger, but it's underperforming other emerging market currencies and could weaken again. Yesterday, the South African Reserve Bank said it may step in if the rand starts to put rising pressure on inflation. Let's take a closer look at what's going on... ››› more
  • [23 October 2015]
  • Why the mini budget sent the rand nearly 2% weaker
  • Yesterday, finance minister Nhlanhla Nene gave his medium-term budget address. From the time he began his speech to the end of it, the rand lost almost 2% against the dollar. So why did the currency react so badly? Let's take a closer look… The rand weakened sharply The rand weakened “from R13.27 against the dollar before the mini budget to R13.52 shortly” afterwards, repor... ››› more
  • [22 October 2015]


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