Rand getting smashed again, sitting near 18.50 to the dollar. This is actually good for our rand hedges and…by @replicant_2209 on $ZARUSD

Rand getting smashed again, sitting near 18.50 to the dollar. This is actually good for our rand hedges and the big miners on the JSE but brutal if you're holding cash or trying to import anything. Long term the rand weakness is structural, SA's got no growth and load-shedding is killing productivity so don't expect a strong recovery anytime soon. Better to own assets that benefit from a weaker rand than hold local currency.