Catch the latest updates below
The rand has come out the blocks with some strength this morning, opening 8 cents lower against the dollar and over 22 cents lower against the euro.
So although commodity prices in general remain elevated, for now we are not seeing the benefits
The rand recovered some lost ground this morning to trade at 16.07/$ after trading as high as 16.27/$ in yesterday’s session, with the dollar taking a bit of breather from
Overnight the rand was able to show a slight recovery but nothing too great as we still see the USD/ZAR still trading above the 16/$ level this morning.