The sun shines through rand currency banknotes in this arranged photograph in Johannesburg, South Africa, on Wednesday, Aug. 26, 2015. More than four years of currency declines -- to a fresh low this week -- aren't enough to offset electricity shortages, strikes and slowing demand from Asia and Europe that are pushing the economy to the brink of recession. Photographer: Waldo Swiegers/Bloomberg
Boardroom Talk
Boardroom Talk – Rand blowout is worse than Nenegate, Covid panic. Could get much worse.
A technical analyst’s assessment of Rand’s trendline projects a peak of R22 to the US Dollar over the next few weeks.
