[LISTEN] Understanding the stronger rand

The rand hit a new two-and-half year high on Wednesday. ETM Analytics Economist George Glynos weighs in.

CAPE TOWN – There’s been a fundamental rebalancing of the South African economy, according to an economist.

On Wednesday, 24 January, the rand strengthened against the dollar, breaking through the R12/US$ mark.

ETM Analytics Economist George Glynos says there’s a number of reasons for this.

Listen to the audio above for more.

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