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

Subscribe to our Business Wrap Newsletter


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


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Sona’s rand effect… EFF + DA vs. Jacob Zuma… cashless parking… hot stocks...

Sona’s rand effect… EFF + DA vs. Jacob Zuma… cashless parking… hot stocks...

7 most read, most talked about business articles of the past week.

What JZ said about the economy (you can bet ratings agencies listened carefully)

What JZ said about the economy (you can bet ratings agencies listened carefully)

The economy took up a large share of President Jacob Zuma’s State of the Nation Address. We're sure ratings agencies tuned in.

How the rand reacted to the 2016 State of the Nation Address

How the rand reacted to the 2016 State of the Nation Address

We took a market snapshot right before and right after President Jacob Zuma delivered his speech. Here's how the rand behaved...

Julius Malema (kind of) delivers pro-market sounding speech

Julius Malema (kind of) delivers pro-market sounding speech

Fin24 columnist Terry Bell on a speech by Julius Malema that sounded pro-market, though not without contradictions.

R20 to the dollar is a possibility, says Investec Chief Economist Annabel Bishop

R20 to the dollar is a possibility, says Investec Chief Economist Annabel Bishop

Mike Wills interviews Investec Chief Economist Annabel Bishop about the rand and the prospects for the South African economy.

Popular articles
[WATCH] Teen shoved off bridge by pal into river

[WATCH] Teen shoved off bridge by pal into river

A Washington teenager was badly hurt when her friend pushed her off the bridge after she said she didn't want to jump.

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

#NightTalk host Gugu Mhlungu chats to entrepreneur & multimedia visual artist Trevor Stuurman about his accolades and inspiration

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

In this episode of Africa State of Mind, musician Femi Koya chats to Lee Kasumba about leaving Nigeria to come to South Africa.

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

Phemelo Motene chats to the mother of storytelling & a poet to the masses, Gcina Mhlophe about what it means to share your stories

This is how the Pebbles Project is protecting kids that live in the Winelands!

This is how the Pebbles Project is protecting kids that live in the Winelands!

Fundraising and Outreach Manager at the Pebbles Project, Charmaine Gola, chats about the work they do & their focus on the youth

The nutritional, environmental & socio-cultural benefits of indigenous foods

The nutritional, environmental & socio-cultural benefits of indigenous foods

'You need to look outside your traditional shopping centers to actually eat traditional food in the city' - Mpho Tshukudu, author

ProKid described as a true family man who loved his mom

ProKid described as a true family man who loved his mom

His brother Sandile Mkhize says he promised ProKid that he will continue where he left off.

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

In the car feature, automotive journalist Jacob Moshokoa chats about his experience driving around with the Suzuki Dzire.

[LISTEN] Codeine addiction and abuse

[LISTEN] Codeine addiction and abuse

Member of the SASOP, Dr Eugene Allers chats about the causes behind addiction to over the counter medication.

Phemelo responds after listener congratulates her for speaking wonderful English

Phemelo responds after listener congratulates her for speaking wonderful English

'To congratulate me, and to make it seem like this is an accolade is extremely offensive because of our history' - Phemelo Motene