JOHANNESBURG - The rand is on track for its best August in 20 years, up 3% as global investors flock to high-yielding markets on a weaker dollar.
Stocks on the JSE are surging too, with the All Share up 3.4%, the strongest August performance since 2006.
Support is coming from rising commodity prices, steady inflation, and renewed confidence in the government of national unity's economic reforms.
Even with US tariffs, investor appetite is strong, due to solid mining gains, a resilient currency, and expectations of global rate cuts.
What does this mean for ordinary South Africans, and is the rally sustainable?
Dr. Azar Jammine, Chief Economist at Econometrix discussed the answer to these questions with eNCA.