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)


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
Black Friday… there are scams and lures everywhere!

Black Friday… there are scams and lures everywhere!

The Money Show’s Bruce Whitfield interviews Personal Finance Consultant Samke Ngwenya.

[LISTEN] Pravin Gordhan grills Lynne Brown in State Capture Enquiry

[LISTEN] Pravin Gordhan grills Lynne Brown in State Capture Enquiry

Pravin Gordhan suggests Lynne Brown is experienced in keeping secrets says EWN reporter, Rahima Essop.

Eskom inquiry: "It's embarrassing to see a Minister in a compromising position"

Eskom inquiry: "It's embarrassing to see a Minister in a compromising position"

DA shadow minister, Natasha Mazzone, says the committee will ensure that those implicated in state capture march to jail.

If you're caught driving with your phone, officials are allowed to confiscate it

If you're caught driving with your phone, officials are allowed to confiscate it

If the engine is running and you are sitting behind the wheel you are not allowed to operate your phone says W Cape's JP Smith

SA fizzy drinks undergo "shrinkflation" to control sugar intake

SA fizzy drinks undergo "shrinkflation" to control sugar intake

Coca-Cola has reduced its 500ml "buddy" to 440ml and the traditional 330ml Coke cans will soon have a volume of just 300ml.

What Shoprite, Checkers, Pick n Pay and Makro will offer on Black Friday

What Shoprite, Checkers, Pick n Pay and Makro will offer on Black Friday

Up for a Springboks level scrum? Instructions on how to ensure you get the deals in your inbox the moment they become known...