Brand SA welcomes the strengthening of the rand

Pretoria – Brand South Africa says it has noted and welcomed the strengthening of South Africa’s currency.

In a statement, Brand SA said the strengthening of the rand attests to the improvement in market sentiment towards South Africa.

“The strengthening of the rand also follows proactive engagements between government and business in recent weeks to develop cohesive programmes to stabilise South Africa’s economic situation.

“We salute these initiatives,” it said. The Rand is currently trading at around R15.09 to the US Dollar and R21.30 to the Pound.

Brand SA said it looked forward to the 2016 Budget Speech to be presented in Parliament by Minister of Finance Pravin Gordhan on Wednesday. – SAnews.gov.za