Why the rand is more likely to strengthen than fall

The Money Show’s Bruce Whitfield interviewed Dr. Adrian Saville, Chief Strategist for Citadel.

Saville believes the rand has a better chance of strengthening to R13 per US dollar than weakening to R20 per dollar.

Scroll down for quotes from the audio below.

The rand is mispriced.

Dr. Adrian Saville

Rand weakness is not so much weakness in itself, but rather reflective of the dollar’s strength.

Dr. Adrian Saville

You can’t imagine the rand becoming stable in the context of our country’s leadership decisions.

Dr. Adrian Saville

There’s a lot that happens with the rand that has nothing to do with South Africa.

Dr. Adrian Saville

We have very shallow foreign exchange reserves.

Dr. Adrian Saville

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