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Oct 8, 2024 · Volatility leading up to the elections could also impact the rand, possibly revisiting the R19/USD level seen in 2023. On a brighter note, South Africa’s improving current account deficit in the third quarter of 2023 as a rare bright spot for the local currency amid a challenging year.
May 20, 2024 · Rand brushes off costly election jitters to soar to 10-month high against dollar. The rand has put in some big gains in the past couple of weeks — a sign that the market is not in pre-election ...
Jan 24, 2024 · Luke Fraser. · 24 Jan 2024. The South African rand is expected to end 2024 in a much better place compared to the dollar than where it started – but the sailing is not likely to be smooth ...
Jan 17, 2023 · Investec highlighted five key scenarios for South Africa in 2023, the most likely being its baseline scenario with a 48% chance of occurring. Extreme upside. Rand movement: Strong first quarter ...
Jan 8, 2024 · It lost 9% to the US dollar in 2023, and 17% over the past two years. ... Kganyago sees 2024 elections among top risks for South Africa. ... Last year Goldman Sachs predicted that the rand would ...
Apr 22, 2024 · 22 Apr 2024 2. The rand/dollar exchange rate is influenced by a range of factors. But for the next few weeks, South Africa’s general elections on 29 May and the result that follows will be the ...
Jan 15, 2024 · As a base case, Investec currently projects that the rand will average higher against the dollar in the first quarter of the year (R17.95/$) while remaining elevated over the election period.
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