Goldman Sachs expects South Africa's rand to extend gains as conditions improve
The rand may clock another year of gains supported by easing interest rates, with firmer public finances also boosting South Africa's domestic economy, Goldman Sachs said in a research note. The currency ended 2025 nearly 13% stronger against the US dollar, marking its biggest annual gain in 16 years as the greenback weakened broadly.
The rand may clock another year of gains supported by easing interest rates, with firmer public finances also boosting South Africa's domestic economy, Goldman Sachs said in a research note. The currency ended 2025 nearly 13% stronger against the US dollar, marking its biggest annual gain in 16 years as the greenback weakened broadly.
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