The Rand traded below R14.30 to the US dollar for the first time in 14 months

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Preneil Pillay

154 days ago
The Rand traded below R14.30 to the US dollar for the first time in 14 months The Rand traded below R14.30 to the US dollar for the first time in 14 months

Jason Leung on Unsplash

The Rand traded below R14.30 to the US dollar on Thursday.

That's the currency's best level since before the Covid-19 pandemic, in Jan 2020.

In April last year, the rand reached a low of R19.26 to the dollar.

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Is it too late to buy bitcoin?

Bitcoin hits another record, passes $60 000 for the first time

Bitcoin briefly rose above $60 000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world's most popular virtual currency continue its record-breaking run.

The cryptocurrency hit an all-time high of $60 012 at 11:49 GMT, according to the website CoinMarketCap.

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Bitcoin has been on a meteoric rise since March last year, when it stood at $5 000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.

Last month Elon Musk's electric carmaker Tesla invested $1.5 billion in the virtual unit, while Twitter chief Jack Dorsey and rap mogul Jay-Z said they are creating a fund aimed at making Bitcoin "the internet's currency".
Others jumping on the bandwagon include Wall Street player BNY Mellon, investment fund giant BlackRock and credit card titan Mastercard.

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