In January (shortly after the firing by President Jacob Zuma of Finance Minister Nhlanhla Nene on 9 December 2015; aka “Nene-gate”) Nomura emerging markets economist Peter Attard Montalto forecast the rand hitting R19/$ by the end of 2016.
Today at 5:51pm the rand was trading at R13.61/$.
Listen to the audio below for more detail.
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