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Why is the rand to dollar exchange at its best rate in three years?

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Why is the rand to dollar exchange at its best rate in three years? The rand is gaining some serious ground on the US dollar in 2018, but what is good news for South Africa isn’t so rosy for the Americans. The current rand to dollar exchange is the best it has been for three years in Mzansi. So, how have we ended up here? It wasn’t that long ago that a cautious midterm term budget speech from Malusi Gigaba had the rand pushing R1 $15. When markets closed on Tuesday, the rand was trading at R11.89 per dollar. Here’s what has tipped the scales in South Africa’s fa...
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