'The rand's strength is not a reflection of our domestic politics'

Businesses seem to be continuing as normal despite the state of South Africa's domestic politics.

Political analyst and director at Political Futures Consultancy, Daniel Silke says Cyril Ramaphosa's Davos meetings with business leader has paved the way for a stable rand.

If this leadership impasse continues for the next two days; if it affects the integrity of the budget and disrupts the delivery of the budget, then we could see it pull back from the positive sentiments currently experienced.

Daniel Silke, Political Analyst & Director at Political Futures Consultancy

Silke says the drop of the dollar over the last two months has had a positive impact on the rand. He says that as long as there is an expectation that positive change and renewal is on its way the rand will remain strong.

Listen to Daniel Silke explain how the rand reacted to President Zuma being recalled


This article first appeared on 702 : 'The rand's strength is not a reflection of our domestic politics'


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