The rand has strengthened by more than 1.5% against a weaker dollar on Monday morning.
Late in the morning it was hovering around R12.88 against the dollar mark, a level recorded in the last week of March.
That represents a firming of about 7.5% against the US dollar since it weakened to R13.93 at the beginning of April.
According to RMB’s Jan Sluis-Cremer, results from France's first round of the presidential elections have increased risk appetite.
At 4:46pm the rand was trading at R13.04 against the dollar.
The Money Show’s Bruce Whitfield interviewed Tim Nhamo (Director and currency Specialist at Global Financial Innovations UK).
Listen to the interview in the audio below (and/or scroll down for quotes from it).
There are more interest in buying our bonds which are providing a good yield.— Tim Nhamo
We’re not the only currency that is stronger this week.— Tim Nhamo
Despite our political situation; the US has its own issues with Donald Trump.— Tim Nhamo
The rand is not as politically driven as we like to think it is.— Tim Nhamo
We might go below R12.70.— Tim Nhamo
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Galileo Capital Financial Advisor Warren Ingram on "good debt", "bad debt", "neutral debt" and consolidation your debts into one.
Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.
Bruce Whitfield interviews renowned broadcaster Lee Kasumba, who is in Addis Ababa, Ethiopia’s booming capital city.
The Money Show’s Bruce Whitfield interviews Liberty CEO David Munro and IT security expert Jacques Van Heerden.
The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.
In the first episode of Solutionist Thinking with RMB, Bruce Whitfield speaks with author, businessman and trailblazer Reuel Khoza.
Khabazela shares the Facebook , Twitter, and YouTube videos that have social media in a frenzy on What's gone Viral.
Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?