RenCap Sees South African Rand Gaining 30% on Inflows

  • Currency could strengthen as much as 30 percent: RenCap
  • RenCap’s view at odds with most peers who predict drop

South Africa’s rand is set to extend gains, strengthening between 20 percent and 30 percent against the dollar over the next two years as relatively high yields continue to attract investment into Africa’s biggest economy, according to Renaissance Capital Ltd.

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