# The rand has strengthened to under 16-rand to the US dollar for the first time in almost six months. The currency broke through the key level this morning. Analysts say a weaker US dollar, rising gold and platinum prices, and strong foreign demand for South African bonds are driving gains. Investec says about 63.7-billion-rand has flowed into local debt markets this year, boosting confidence. The bank forecasts the rand could average 15-rand-90-cents to the dollar in the final quarter of the year.
Rand strengthens to under R16 to the dollar for first time since February