The rand has continued to strengthen trading against the dollar at levels seen previously in October last year, which is some good news as the country faces steep fuel increases once again.
There are mounting worries about fuel prices, which are set to be adjusted in the next few days.
The stronger rand has been the only defence with regards to fuel prices.
The rand was trading at around R14.55 to the dollar as of Saturday afternoon.
Economists say there has been improved risk sentiment in global markets following hawkish comments from the US Federal Reserve.
The say a weakening euro due to the war in Ukraine has also helped the rand.
This is good news with the country facing high fuel prices, which are calculated on the rand dollar exchange rate along with the oil price.
Brent, crude, however, is trading at around $120 a barrel, so while a stronger rand will help, fuel prices are expected to shoot up once again.
The Minerals and Energy Department has been called on to lower the fuel and Road Accident Fund levies to counter this, but there has been no word yet.
-EWN
In other news – Actress Buhle Samuels gets married; traditional wedding photos go viral
Mzansi television personality and actress Buhle Samuels sent social media into a frenzy following reports that she may have got married over the weekend.
On Saturday night, social media went into overdrive after several posts went viral on social media claiming that the actress was married in an elaborate traditional ceremony. Learn More
