The rand raced to its firmest since April 26, according to Thomson Reuters data, hitting a session high of R13.0750 to the dollar earlier in the day.
Datatec shed more than 6 percent on the JSE following the release of an unfavourable trading update.
The rand snapped two days of losses on Wednesday as emerging markets broadly benefited from a retreating dollar after US ...
The rand recovered against the dollar on Tuesday, but gains were limited as demand for riskier currencies as well as safe-haven commodities waned.
The rand was flat against the dollar on Wednesday, as some investors stayed on the sidelines ahead of the US Federal Reserve’s policy decision.
The rand firmed on Tuesday as investors awaited the US Federal Reserve’s rate decision.
The rand retreated on Tuesday as the global demand for risk currencies eased and technical factors weighed.
Nigeria’s latest attempt to ease the dollar shortage choking its economy is dependent on traders trusting the central bank.