Actually the Rand has improved/strengthened recently and is trading at 9.88 to the dollar.Originally Posted by Vampothic
The rand is on a steady and rapid decline...
Sentiment. Apart from being an emerging market, our country has been struggling with labour unrest, wild cat strikes, service delivery protests, rising unemployment, problems with education, corruption in government, etc.
Unfortunately traders and investors have withdrawn investment in the Rand sure to their worry and uncertainty in South Africa. Our government has done little to quell their fears. That said, the massive decline is widely regarded as being excessive and not the true level at which should be recovering. Recovery is expected, just not sure how quickly it will.
