Rand strengthens as South Africa attacks foreigners

South Africa is at it’s lowest levels of favour by other African nations. The Rainbow nation is not being that rainbow as they are k_illing and destroying their African Brothers and Sisters property and accusing them of stealing their jobs.

Despite them doing all that, the South African Rand (ZAR) has been on it’s strongest. According to fin24.com, The rand climbed 1.7% to 14.84 per dollar by 16:15 in Johannesburg, leading emerging-market currency gains and heading for its strongest close since Aug. 2.

Foreign investors bought a net 2.5 billion rand ($168 million) of South African bonds on Tuesday, bringing inflows in the past three trading days to 6.8 billion rand. South Africa’s economy expanded an annualized 3.1% in the second quarter, dodging a recession after it contracted by the same amount in the previous three months.