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Why has the rand made a come-back?

Why has the rand made a come-back? By Renee Eagar, CFP®*  The local currency’s strong come-back towards the end of 2020 took many by surprise in view of the continued and more severe impact of the global Covid-19 pandemic and worsening local economy. The rand was under massive pressure and traded at R19.26 in the first week of April 2020, shortly after SA went into hard lockdown and Moody’s downgraded the country to junk; voicing concern that the SA government’s debt is ballooning. The ...
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