economists

The rand is currently at the mercy of external factors, analysts said on Friday. They were responding to the rand hitting R16.20 to the greenback on Thursday before consolidating trade for the rest of the day at around R16.10/$. At 10:38 on Friday the unit was trading at R16.03/$ from a close of R16.06 in the previous session. "It's not only South Africa, the world is an unhappy place," Adam Phillips, independent treasury consultant at Umkhulu Consulting, told Fin24. "In case you … [Read more...] about Battered rand will bring hard year to SA