Rand powers to R15.29/dollar (up from R17.99 on 11 January)

The rand hit a record low of R17.99 on 11 January.

It has since recovered to R15.29 (at 3.52pm on Thursday, 18 February).

The Money Show’s Bruce Whitfield interviewed Brigid Taylor, CEO of KAON Capital and Currency Specialist.

Taylor discussed the key levels the currency broke through on Thursday.

Scroll down for quotes from the audio below.

It’s a relief rally.

Brigid Taylor, CEO of KAON Capital and Currency Specialist

The rand was a bit oversold.

Brigid Taylor, CEO of KAON Capital and Currency Specialist

As long as we talk the right language we can recover from this.

Brigid Taylor, CEO of KAON Capital and Currency Specialist

Hopefully Pravin can pull a rabbit out of a hat and keep the ratings agencies at bay.

Brigid Taylor, CEO of KAON Capital and Currency Specialist

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This article first appeared on 702 : Rand powers to R15.29/dollar (up from R17.99 on 11 January)


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