Investec predict the Rand could fall to R25 per US$ durin...

While positive global factors favour the rand moving forward, some economists warn that poor governance could neutralise any benefits and steer the rand to a new low against the US dollar in 2024. Over the past week, concerns over the outlook of South Africa’s finances, the Fed maintaining its hawkish tone over interest rates, and China’s PMI weakness put pressure on the rand, keeping it subdued at over R19/$.