We can, potentially, go stronger…— George Glynos, ETM Analytics
It comes at a time when risk appetite, globally, has improved.— George Glynos, ETM Analytics
At 3.32pm on Thursday the rand was trading at R11.87 to the US dollar.
This is the strongest level the volatile South African currency has traded at in about three years.
Why is the rand so strong?
Many economists say it’s due to rapidly improving sentiment since the election of Cyril Ramaphosa as ANC president as well as dollar weakness.
The Money Show’s Bruce Whitfield asked ETM Analytics Economist George Glynos why he thinks the rand is so strong.
Listen to the interview in the audio below.
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.
Recommendedby THE NEWSROOM
What is a “lifestyle audit”? The Money Show’s Bruce Whitfield interviewed ENS Africa Director in Forensics Steven Powell.
Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.
The Money Show’s Bruce Whitfield interviews Discovery Limited Group CEO Adrian Gore.
The Money Show’s Bruce Whitfield interviews Old Mutual Multi-Managers Chief Investment Strategist Dave Mohr.
The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.
Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)
Ndoro has received much support from his media colleagues and the public after being put on leave following an on-air error.
Former Constitutional Court judge Justice Albie Sachs remembers President Zuma's struggle days.
Suren Narismulu, Liberty Life customer chats to Kieno Kammies about his dreadful experience with the insurance company.
With Cyril Ramaphosa ascending to the Presidency, speculations are rife on who will be appointed deputy president.