JOHANNESBURG - The Rand continued its rally, strengthening below R17 to the dollar for the first time since February 2023.
The move follows government’s decision to adopt a lower inflation target.
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At lunchtime, the local currency is trading at R16.98 to the dollar.
Meanwhile, the Johannesburg Stock Exchange (JSE) also hit record highs of above 115,000 points, lifted by gains in resource and banking stocks.