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Pressure set to pile on the rand | Sable International

Aug 28, 2017
The rand will continue to devalue as SA is not attracting long-term "sticky" capital, according to Andrew Rissik, managing director of forex and international projects at Sable Group.

"Recent Rand strength is in line with the emerging markets peer group, but in the light of state capture (revelations) I think we will again see a lot of downward pressure on the Rand," said Andrew Rissik, Managing Director of Forex and International Projects at Sable International. 

"I think in the short to medium term there will be more Rand strength, but over the long term it will become weaker. One has to take out emotion when deciding on when to take money offshore," said Rissik at an international retirement seminar hosted by Sovereign. 

Read the full article on Fin24.

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