Rand weakens slightly behind US dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The rand has traded at a relatively strong level around R14.50 to the dollar for the past three weeks, despite a strong dollar, which usually weakens the rand.

Image: Reuters

The dollar’s strength can be attributed to higher and quicker interest rate rises in the US, which attract demand for the dollar. However, so far today, the rand has weakened by nearly 2%, catching up with the stronger dollar and is trading around R15.60 in early JSE trade.Besides dollar strength, the rand’s newfound weakness can also be blamed on

 

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I is high tym we move mandela face at de SA money,why dont we put gold brick, diamond or de man wth his family sharing money.This will help us 2 take care of our families, mandela magic is no more n 2 remember him with money is 2 me is a 👎.Try something new minister

Nah the Rand get manipulated Rand is normally very strong against the dollar..what we get from media is what the capitalists wants us to blive.

Where is the people that said they going to pick up the rand if it weakens?

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