The rand softened against the dollar on Monday, but stayed below the R12 barrier.
The rand and a host of South African assets has been on a rampage since Cyril Ramaphosa has been elected as ANC president.
Optimism over changes promised by Ramaphosa is driving the volatile currency higher.
The Money Show’s Bruce Whitfield interviewed Citadel Chief Strategist and Professor at Gibs Dr Adrian Saville.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
…There really is so much good news… versus what could have been… not all of it is domestic good news… you’ve got a supportive international environment and this fantastic Ramaphosa rally…— Dr Adrian Saville, Citadel
There’s this huge question mark hanging over the exit of Jacob Zuma…— Dr Adrian Saville, Citadel
…The coffers are empty…— Dr Adrian Saville, Citadel
Cyril Ramaphosa put together an excellent - and highly actionable - 10-point plan…— Dr Adrian Saville, Citadel
The dollar has weakened relative to other currencies… after a long time in the doldrums, Europe is looking better…— Dr Adrian Saville, Citadel
Many currencies are being commodity lifted…— Dr Adrian Saville, Citadel
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