Revised Up, Up and ….
To say that the last couple of weeks have been unprecedented could be the understatement of the year. The Rand has been in a record-breaking mood and not in a good sort of mood.
ZAR is now almost 40% weaker
It is certainly not any good news on the currency front at this stage. See the graph. ZAR is now almost 40% weaker than at the start of 2020. On Friday evening Fitch downgraded South Africa’s l