GBPZAR – Investors return as political turmoil subsides

Looking back, political turbulence in 2017 dragged the Rand lower. However, since the election of Cyril Ramaphosa as the next leader, Rand has been strengthening markedly as investors expect better governance in 2018.
Looking forward, if investors continue to view South Africa’s political situation positively, Rand is likely to strengthen towards last year’s highs against Sterling.
GBPZAR currently 16.5557