The rand recovered all of Tuesday’s losses on Wednesday, and then some, as improved SA business confidence added to investor appetite for riskier assets.
The rand gained almost 2%, its biggest one-day rise in more than a week, after falling on Tuesday on data that showed SA’s economic collapse in the second quarter was worse than feared.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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