eNCA Business | Market update | 24 January 2024

JOHANNESBURG - The rand is coming under increasing pressure as hopes for interest rate cuts begin to wane.

On Monday, the local unit fell to a significant low of R19.23 against the US dollar and has since recovered somewhat to about R19.16.  

Patrice Rassou, Chief Investment Officer at Ashburton Investment, takes a look at this and more.