12 Jan Rand Instability And The World Bank Outlook 2018 - What You Should Know
Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions joins us on today's show to give unpack what would be the effect of the current instability of South African Rand on the growth potential of the country according to the World Bank outlook 2018. The dollar had given up some ground on Wednesday following China’s announcement of a potential change in its US Treasury buying strategy, but quickly recovered, and the stronger USD and the continued Zuma saga continue to weigh on the rand. However, the rand is supported by stronger commodity prices and the afterglow of Cyril Ramaphosa’s NEC victory. The rand is currently doing a balancing act between politics and economics.