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South Africa’s rand is undervalued.

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The rand held its ground against the dollar in afternoon trade on Tuesday (3 May), having given up 3.6% over last week, trading at R15.99 relative to the greenback – near its weakest levels in nearly five months.

Load shedding, floods in KwaZulu-Natal, rising inflation, and a stronger dollar have all played their part in pushing the rand back above R16.00 versus the dollar in recent sessions, before Tuesday’s slight recovery.
3 May 2022 4AM English South Africa Business News · Investing

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