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1. businesstech.co.za › news › business-opinionThis is where the rand could be heading in 2023 – BusinessTech

   businesstech.co.za › news › business-opinion

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   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 ...

2. www.arcadiafinance.co.za › economy › rand-strengthCould 2024 Be the Year the Rand Regains its Strength?

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   Oct 8, 2024 · Investec predicts it will reach R17.60 in the final quarter of 2024, following an average of R18.80 for much of the previous year. Goldman Sachs takes a more optimistic stance, projecting a strengthening rand to R14 against the dollar by 2026, with expectations of reaching R17.50/USD by mid-2024.

3. www.reuters.com › markets › currenciesSouth African rand firms on strong local data, weak dollar

   www.reuters.com › markets › currencies

   Jul 11, 2023 · The rand traded at 18.53 against the dollar at 1443 GMT, up 1.3% on its previous close.

4. businesstech.co.za › news › financeExperts predict a strong year for the rand in 2023

   businesstech.co.za › news › finance

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   Jan 20, 2023 · Staff Writer. · 20 Jan 2023. Despite a volatile start to the year, the South African rand is expected to strengthen in 2023. According to Sebastian Steyn, a forex expert at Sable International ...

5. www.reuters.com › world › africaSouth Africa's rand strengthens ahead of mid-term budget

   www.reuters.com › world › africa

   Oct 30, 2023 · Central bank data on Monday showed that South Africa's credit growth , opens new tab had risen to 4.60% in September from 4.39% in August, and that M3 money supply growth , opens new tab was at 7. ...

6. dailyinvestor.com › finance › 82352023 South African rand forecast – Daily Investor

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   Feb 13, 2023 · Daily Investor • 13 February 2023. Goolam Ballim, the chief economist at Standard Bank, expects the rand to strengthen to an average of around R16.40 to the US Dollar through 2023. Ballim shared this forecast as part of a discussion about the South African and global economic trends to watch this year. The rand is headed for a fourth weekly ...

7. People also ask

   Will South Africa's Rand strengthen in 2023?

   • Goolam Ballim, the chief economist at Standard Bank, expects the rand to strengthen to an average of around R16.40 to the US Dollar through 2023. Ballim shared this forecast as part of a discussion about the South African and global economic trends to watch this year.

   2023 South African rand forecast – Daily Investor

   dailyinvestor.com/finance/8235/2023-south-african-rand-forecast/

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   Will the South African rand be undervalued in 2023?

   • The South African currency is set to grow even more in 2023 as global market participants try to find new opportunities outside the developed world. In addition, due to the US dollar surging in 2022, the rand ended up being undervalued – Sable International now predicts some pullback. However, risks remain.

   Experts predict a strong year for the rand in 2023

   businesstech.co.za/news/finance/657767/experts-predict-a-strong-year-for-the-rand-in-2023/

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   What is Investec's forecast for a Rand in 2024?

   • Investec predicts it will reach R17.60 in the final quarter of 2024, following an average of R18.80 for much of the previous year. Goldman Sachs takes a more optimistic stance, projecting a strengthening rand to R14 against the dollar by 2026, with expectations of reaching R17.50/USD by mid-2024.

   Could 2024 Be the Year the Rand Regains its Strength?

   www.arcadiafinance.co.za/economy/rand-strength/

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   Will South Africa have a strong year?

   • Read: Load shedding marching South Africa towards recession: economists South Africa has the potential to have a relatively strong year – if everything can go right.

   This is where the rand could be heading in 2023 – BusinessTech

   businesstech.co.za/news/business-opinion/656891/this-is-where-the-rand-could-be-heading-in-2023/

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   Is South Africa's current account deficit a bright spot for the Rand?

   • 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. The health of the rand is closely tied to the overall economic performance of South Africa.

   Could 2024 Be the Year the Rand Regains its Strength?

   www.arcadiafinance.co.za/economy/rand-strength/

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   Why did South Africa's Rand rise on Tuesday?

   • REUTERS/Mike Hutchings/Illustration Acquire Licensing Rights JOHANNESBURG, July 11 (Reuters) - South Africa's rand strengthened on Tuesday following improved local manufacturing output and a weak dollar spurred by expectations of an end to rate hikes in the U.S. The rand traded at 18.53 against the dollar at 1443 GMT, up 1.3% on its previous close.

   South African rand firms on strong local data, weak dollar

   www.reuters.com/markets/currencies/south-african-rand-strengthens-before-local-manufacturing-data-2023-07-11/

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8. businesstech.co.za › news › financeRand rebounds – here’s where it could go next – BusinessTech

   businesstech.co.za › news › finance

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   Nov 14, 2022 · Banking heavy weights weigh in on what is in store for South Africa’s currency these final weeks of the year and the coming months of 2023.