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Latest / The Investment Perspective, with Ninety One

#53 Cash Talk: The resilient rand – what’s driving it and how long can it last?

The rand has been one of 2025’s standout performers: stronger against the dollar, steady against peers, and buoyed by solid fundamentals. A weaker greenback, firm commodity prices, and South Africa’s credible policy mix have all played a part. With global central banks shifting gears and local inflation easing, what comes next, and how will it shape the South African Reserve Bank’s path in the months ahead?

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