Rand breaks through R16 to the dollar as investor confidence grows

Johannesburg – The rand has strengthened beyond the key R16-to-the-dollar level for the first time in almost six months, supported by a weaker US dollar, rising gold and platinum prices and increased foreign demand for South African bonds. The currency touched R15.99 to the dollar, although it was little changed in early trading on Tuesday as investors awaited South Africa’s... Read more → The…