Rand shoots to near four-month high against US dollar
The rand is showing positive signs of recovery since it plunged against major currencies in December.
JOHANNESBURG - The rand has hit a four-month high against the dollar.
The rand has been trading at around R14,73 to the dollar, a remarkable improvement from December when it plunged against major currencies.
Many analysts argue that the local currency is undervalued and hopefully it will gain more ground.