The rand’s at a tipping point, with analysts and derivatives traders at odds over the next move for South Africa’s currency.
For Societe Generale SA, the rand’s 7.3 percent rally in the past three weeks is just a temporary blip, with more weakness in store as poor fundamentals and an unfavorable external backdrop weigh on the currency. Others, including Standard Chartered Plc, see the currency as undervalued and due for further gains, though perhaps not quite yet.
