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Five reasons why the rand is weak

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Cape Town - The rand is an emerging market and commodities currency and its depreciation by more than 25% on a trade weighted basis should be seen against that backdrop, Goolam Ballim, chief economist of Standard Bank, told Fin24 on Thursday.

"SA's situation is cyclically and structurally precarious, but when one gets to the edge of an abyss, you are forced to reflect," he said.

READ: Weak rand begs for govt intervention

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Rand - Dollar
18.15
-0.8%
Rand - Pound
20.13
-0.2%
Rand - Euro
17.68
-0.3%
Rand - Aus dollar
11.55
-0.0%
Rand - Yen
0.12
-0.6%
Gold
1,694.80
-1.1%
Silver
20.13
-2.6%
Palladium
2,192.88
-3.1%
Platinum
916.50
-1.0%
Brent Crude
94.42
+1.1%
Top 40
59,280
-0.2%
All Share
65,676
-0.2%
Resource 10
63,294
+0.0%
Industrial 25
79,505
-0.7%
Financial 15
14,072
+0.5%
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