FINANCIAL INSIGHTS | 28 JANUARY 2020

The history of the Rand

SHARE
Facebook
Twitter

Absa has seen the history of the Rand because we’ve been right beside it, every step of the way

Since 1994 we’ve seen the incredible journey the Rand has been on because we’ve been stepping right alongside it, here is our retrospective view of the history of the Rand.

Video highlights:

  • In 1994 it was almost R4 to the dollar. We’ve seen policies come and politicians go. We’ve seen the incredible journey the Rand has been on for a quarter of a century.
  • The first seven years of freedom saw a nation swelling with pride even as markets shifted and crises came and went.
  • Sound economic policies, attractive deals and deep markets have given global fund markets a reason to cast their eyes upon our shores.
  • We look at the highs and lows of the Rand and what has impacted its fall and growth.

Related Articles

AWARDS

Financial Mail Top Analyst Awards

The Financial Mail Top Analyst Awards provide that ranking. The awards – which mark their 46th year in 2022 – are based on a survey that provides a reliable and independent ranking of skills in the industry. Consulting firm Intellidex conducts that survey through confidential questionnaires that cover about 90% of South Africa’s institutional stockbroking market.

EVENT

Expanding skywards requires growth experts

Future-proof organisation need sustainable solutions. This is why we’re proud to sponsor this year’s The East Africa Property Investment (EAPI) Summit. This year’s event marks the first in-person conference of industry leaders in two and a half years. It’ll feature keynote addresses, interactive panel discussions, case studies and formal and informal networking opportunities.

EVENT

Making greater strides together

Taking on some of the most rugged terrain in the world’s toughest mountain bike race takes passion and dedication. As one of the toughest bike races on the international calendar, the Absa Cape Epic sees amateur and professional cyclists traversing over 100km of the rural Western Cape.