Rand nears R20 to the dollar as global pressures mount
Katlego Sekhu Photo by Rufaro Makaya: https://www.pexels.com/photo/nelson-mandela-face-on-banknotes-15049135/ On Business Update, Gugulethu Mfuphi joined Sizwe Dhlomo to analyse the rand’s sharp decline, now teetering near R20 to the US dollar. Mfuphi attributed the currency’s weakness to a dual effect: "The US dollar itself is facing significant depreciation, alongside declining Treasury yields and economic performance. While this typically signals reduced investor confidence in the dollar—which should benefit emerging markets like ours—the rand […]