RAND RUCTIONS

30th August 2019 By: Darlene Creamer

RAND RUCTIONS

South Africans have become somewhat accustomed to the fact that their currency is among the most volatile globally. For that reason, many citizens keep close tabs on the dollar:rand exchange rate, in particular. When it weakens, the mood darkens; when it strengthens, South Africans eagerly await some relief at the petrol pump. There are periods, though, when the volatility is as stomach churning as a ride on a roller coaster. Sadly, we have once again entered such a phase, which is unlikely to turn out to be a joy ride!