George Glynos
George Glynos
closer commodity gold price rand recovery seen slightly trade
We have seen a recovery in the gold price and commodity currencies have consolidated slightly off their lows, which bodes well for rand resilience. The rand could trade closer to 6.20/22/US$.
areas foreigners government land purchasing reason rural socially wanting wants
There is a socially responsible reason for wanting to redistribute land and foreigners may be purchasing land in rural areas where the government wants to redistribute.
dollar expect levels rand test
We would expect the rand to test levels of 6.22/23 to the dollar and consolidate around there.