Last week we spoke about the Budget Speech delivered by Tito Mboweni. How did things actually play out in the market after his speech?
So, the Budget Speech first helped the Rand but then ended up hurting us, but why did we keep falling to R15.19 even after the debt news had been reported on?
Increasing bond yields in the developed world like the US, UK and Europe have been bad for the Rand all round.
In parting is there anything on the immediate horizon that the Rand should be paying attention to?