Rand Gains as Bonds Soar on Citigroup Index

Rand Gains as Bonds Soar on Citigroup Index

Nadine Hutton/Bloomberg

The rand increased as much as 1.5 percent and traded 1.2 percent stronger at 8.2883 by 10:25 a.m. in Johannesburg, the best performance out of more than 25 emerging-market currencies monitored by Bloomberg.s