07 Nov 2024
Trump victory spells trouble for the rand and BRICS
By Staff Writer
For the commodity-driven, BRICS-aligned South African economy, Trump’s protectionist policies, trade conflicts and geopolitical decisions may lead to increased future currency volatility and trade uncertainty. The United States (US) election outcome, with former President Donald Trump winning in a landslide victory, has led to “notable volatility” in the South African rand, with as much as...