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South Africa’s currency weakened from R15.84 to R17.25 against the US Dollar following the war in Iran and related factors.
Money is flowing out of South Africa as global investors rush toward safer assets amid escalating geopolitical tensions in the Middle East.
Dawie Klopper, welvaartbestuurder en beleggingsekonoom by PSG Wealth, gesels oor kommoditeitspryse, die magnifieke sewe in die VSA en die beweging van die dollar.
The South African rand is far weaker than it should be, with its fair value potentially as low as R11.30 to the US dollar.