How the rand is doing now that Pravin Gordhan is Finance Minister once more

The Money Show’s Bruce Whitfield interviewed Michael Keenan, Currency Strategist at Barclays Africa.

Keenan discussed the fortunes of the rand in light of Pravin Gordhan’s reappointment as Minister of Finance.

Scroll down for quotes from the audio below.

The South African currency have benefited a bit this year because of perceptions of limited political risk. We now have a massive political risk premium built into the rand.

Michael Keenan, Currency Strategist at Barclays Africa

It’s a perfect storm for the currency.

Michael Keenan, Currency Strategist at Barclays Africa

Before this people saw South Africa as a bit of a haven amongst emerging markets.

Michael Keenan, Currency Strategist at Barclays Africa

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