Commodity rally keeps SA’s budget hopes alive, says Ninety One

The global commodity price rally has granted SA’s public finances, hit by the Covid-19 crisis and a lockdown that sent the economy into its biggest slump in a century, “a lifeline” and is likely to push the rand to its highest level since the middle of 2018, according to Ninety One.

Surging metal prices may see the rand, the best-performing emerging-market currency of 2021, strengthen to as much as R13/$, SA’s biggest listed asset manager said...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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