The rand firmed to a five-week high against the dollar as Friday’s disappointing
The Fed’s stimulus, which was introduced to counter the economic effects of Covid-19, has seen lots of cheap money sloshing around global markets, with much of it finding its way into emerging markets, including SA, due to the higher returns offered in these countries. Once the Fed begins tapering this stimulus, the dollar is expected to strengthen as money is bound to move away from emerging markets back to the US.
Steinhoff was the biggest loser on the JSE onMonday, with its share price falling the most since mid-March 2020 despite the group receiving support for its
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