Boardroom Talk
Boardroom Talk: The Rand’s slide has now become a rout. Not just against the Mighty Greenback.
Alec Hogg writes on the prevailing Rand's slide, SA's rationed electricity and the joint naval exercise with Russia and China.
By Alec Hogg
Much has been written about the US Dollar's strength, including by some local observers who blame it for the miserable performance of SA's currency. That's not accurate. I pulled the last five years' data and used the percentage change to compare the Rand's performance against the Dollar, Euro, and Pound.
The image below speaks louder than 1 000 words.
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