The first article I came across this morning was titled ‘Rand on the Ropes’, to be honest it looks like the fight is over, the Rands on the ground and the US Dollar is long gone. It wasn’t only the Rand that took a beating yesterday, so did the local stocks and bonds. It’s clear

Coming to you this morning from our Johannesburg office and it looks like it’s not just the weather that’s taken a turn for the worst. This week we’ve emphasised a concern about the market staging a retracement from last weeks R 1.50 drop against the US Dollar and last night that situation unfolded with the USD/ZAR