Is The Rand Still A Strong Currency In Africa?
Despite having the second-largest economy in Africa and a wealth of natural resources, South Africa's currency, the rand (ZAR), has been in a nearly 30-year downtrend with some notable peaks and valleys against the U.S. dollar (USD). These have been largely due to seemingly endemic government corruption, frequent electric power outages around the country, a strong USD, and periodic investor uncertainties about emerging markets. Over the past five years or…
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