The rand broke through the barrier of R13 to the dollar and was trading at R12.93 early on Thursday - its strongest level since August 2015.
The rand largely shrugs off warnings by Standard & Poor’s (S&P) Global Ratings that the country still faced prospects of a downgrade.
The dollar gains against a basket of currencies as US Treasury yields extend their rise ahead of an expected interest rate ...
The rand firmed against the dollar on Monday ahead of the US Federal Reserve’s interest rate decision.
The rand slumped to its weakest in three weeks on Thursday as employment data from the US showed a sharp drop in job losses.
The rand weakened on Wednesday as the dollar was boosted by bumper US private sector jobs numbers.
The rand gained on Tuesday, shrugging off a fourth quarter contraction in gross domestic product.
The rand strengthened on Monday, firming with fellow emerging market currencies as risk demand recovered globally.