The rand is on a rampage

The rand smashed below the R12.50/dollar on Thursday afternoon - its best level since mid-2015.

At 5:54pm it was hovering around the R12.53/dollar mark.

The rand is smashing through technical level after technical level - but what does this mean?

The Money Show’s Bruce Whitfield interviewed Treasury One’s Andre Cilliers.

Listen to interview in the audio below (and/or scroll down for quotes from it).

Rand strength is likely to continue for a couple of months.

Andre Cilliers

I would not be surprised to see the rand below R12 and trading towards the R11.60 area.

Andre Cilliers

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : The rand is on a rampage


Recommended

by NEWSROOM AI
Read More
'Important to draw parallels with Egypt. There've been rumours of a palace coup'

'Important to draw parallels with Egypt. There've been rumours of a palace coup'

The Money Show’s Bruce Whitfield interviews Ronak Gopaldas, Director and Africa analyst at Signal Risk.

'PIC has been questioned many times. Reorganised, we can do better'

'PIC has been questioned many times. Reorganised, we can do better'

The Money Show’s Bruce Whitfield interviews Mondli Gungubele, Chairperson at the Public Investment Corporation.

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Dino Zuccollo of Westbrooke Alternative Asset Management answers 12 FAQs about the Section 12J tax incentive.

26 richest people have wealth equal to the poorest 3.8 billion - Oxfam

26 richest people have wealth equal to the poorest 3.8 billion - Oxfam

The world's billionaires are 12% richer than a year ago while the bottom 3.8 billion people are 11% poorer, says Oxfam.

JSE shares to buy - and sell - right now (by Aluwani Capital Partners)

JSE shares to buy - and sell - right now (by Aluwani Capital Partners)

Hot tip! Patrick Mathidi (Head of Equities at Aluwani Capital Partners) shares what he’s buying and selling this week.

Why the rand is so strong (near 20-month high; despite the US rate hike)

Why the rand is so strong (near 20-month high; despite the US rate hike)

The rand is on a rampage! But how can it be? The Money Show’s Bruce Whitfield interviews currency trader Greg Kennelly.

Popular articles
Medical Aid Schemes Council responds to Discovery Health's 2019 changes

Medical Aid Schemes Council responds to Discovery Health's 2019 changes

The council says any changes made to the scheme should be communicated at least 30 days prior to implementation.

[WATCH] Horrific moment as baby falls down escalator at a mall...but is saved

[WATCH] Horrific moment as baby falls down escalator at a mall...but is saved

Khabazela shares tweets and Facebook posts that have gone viral.

Zimbabweans hope Mnangagwa's return from Russia will calm the troubled country

Zimbabweans hope Mnangagwa's return from Russia will calm the troubled country

President Emmerson Mnangagwa is expected to arrive in Zimbabwe on Monday at 9 PM after a week in Russia, says Zim journo.

No co-payments needed for procedures pre-booked in December - Discovery Health

No co-payments needed for procedures pre-booked in December - Discovery Health

A Discovery Health client was shocked when he was told he was liable for R5000 co-payment for a procedure. Discovery explains why.