Is the rand overvalued?

The rand is fast approaching its 14 months high this morning as the currency shows consistent strength today. This as risk appetite globally and positive local retail sales data boosted demand for the currency. Then rand is currently at R14.30 against the US dollar, just 10 cents above its target for the 14 month high. Investec Chief Economist, Annabel Bishop joins CNBC Africa for more.

Thu Apr 15 2021 | 11:10:33 GMT+0000 (Coordinated Universal Time)


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.