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Analysis of the rand’s performance

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In late trading on Wednesday, the rand strengthened to R11.85 to the dollar, this after a previous increase to R11.92, which sent a lot of positive reaction in the markets.
Some analysts have attributed this strengthening of the currency to comments made by SA officials attending the World Economic Forum in Davos, where they spoke about ending corruption and improving the health of public finances.
Hanna Ziady is an investment writer at Business Day and she joined Morning Live to analyse the local currency’s resurgence.

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