Bizarre but true - Ukraine War is boosting the Rand. Here's why - Andre Cilliers

South Africa is the only functional democracy which did not join the United Nations' condemnation of Russia's invasion into Ukraine. Bizarrely, its currency is also one of the few beneficiaries of the war - despite a flight to quality elsewhere, the Rand has strengthened against the Euro and Sterling since the first shots were fired almost two weeks ago. In this podcast, TreasuryONE's Andre Cilliers, the forex specialist's Currency Risk Strategist explains why this is not as irrational as first appears. Learn more about your ad choices. Visit megaphone.fm/adchoices