A perfect storm - consisting of questionable national politics, a slump in emerging markets and an ongoing
global commodity rout - has caused the Rand to devalue.
The fourth quarter of 2015 saw a steep slowdown in initial public offerings, following on the news of economic weakening globally,
a commodities rout, a perhaps too - strong dollar, and rising interest rates.
These nascent signs of stabilization is encouraging, given the sector had long been battered by the effects of dollar appreciation (soft demand for U.S. exports) and cut - backs from
the commodity rout.
Another casualty of
the commodities rout.
Yet here we are four months out, and
the commodities rout has only extended itself further.
Meanwhile, the Aussie got weighed down by
the commodities rout starting on Tuesday.
And
the commodities rout, in turn, was linked by market analysts to the Greenback's strength.