A long-term Egyptian recovery in place since currency devaluation in 2016 can resume after the war between Russia and Ukraine ends, Mathias Althoff, ... partner at Swedish frontier markets investor Tundra Fonder, tells The Africa Report.
A stronger rand will increase the purchasing power of renewable-energy providers who source components from China. A healthier currency is “very useful,” especially for the solar power industry, Boynton says from Cape Town. “It’s a big plus.”
Boynton says the rand is likely to continue to be “very volatile”, but is likely to appreciate this year. OMAI predicts that South Africa will have a flat current-account balance in 2021, rather than the usual deficit. There has been a “material change” in the balance of trade as the country’s exports have held up well, while imports have suffered due to Covid-19, he says.