Last week was a difficult one for the Rand as Eskom’s sudden and severe load shedding coupled with disappointing market data saw us slip by 3.67% against the Dollar. It would be nice to have a quiet week ahead so that the Rand could mount a recovery, but Wednesday’s Budget Speech is likely to keep us under pressure.
These are the mid rates as at 8:25 today:
USD = 14.05
AUD = 10.04
GBP = 18.14
NZD = 9.65
EUR = 15.88
Brent Crude = $65.54 per barrel
No local market data today.
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