More job losses, more business closure, fuel prices going back up on a recovery could see South African zar weaken. The financial minister is looking for budget cut on numerous departments and the economic outlook for South Africa is not positive. If lockdown eases further and the South African reserve bank decide on cutting the repo rate further in the near future , as well as any other positive fiscal policies the government plans to put forth breading investing confindence could show a slight strength and stability to the already weak zar.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.