The rand has taken several knocks during the cabinet reshuffle that saw South Africa have three finance ministers in a few days.
Ray White, standing in for Stephen Grootes, on Thursday spoke to Chris Hart, the Global Investment Strategist at Standard Bank Wealth and Investment, about the local currency's standing.
Listen to the conversation below:
The rand is hideously undervalued... One can pick that up when one goes overseas and how one's rand doesn't go anywhere...— Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment
The rand has been trending weaker for a number of years now... In terms of policy we've been defining solutions as problems... and problems as solutions— Chris Hart, chief economist at Investment SolutioGlobal Investment Strategist at Standard Bank Wealth and Investment
This article first appeared on 702 : Will the rand recover in 2016?