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Africa|Financial
Africa|Financial
africa|financial

NO JOY RIDE

7th October 2022

By: Darlene Creamer

     

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As South Africans, we are disconcertingly accustomed, to major changes to the value of the rand. However, the US dollar’s rampant performance in September left many other currencies quite shaken, including the British pound, whose performance was also rocked by some questionable fiscal announcements. Given the extent of the economic and financial headwinds, heightened in South Africa’s case by intense load-shedding, the ride is likely to remain quite unsettling for some time.

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