“ZARP gives the rand superpowers, upgrading it to be compatible with the new world of programmable money and enabling new use cases that redefine markets and improve financial inclusion,” he said.

The latest Bank of International Settlements (BIS) global foreign-exchange report, released in April 2019, placed the rand as the 18th most-traded currency in the world, up from 20th in 2016.

Rand gives real a run for its money as most vulnerable emerging market currency. At one point on Monday, South Africa’s currency plummeted 9 per cent against the greenback in a ‘flash crash ...

South Africa's rand edged lower on Tuesday after local budget balance and money supply figures, as investors braced for the Federal Reserve's monetary policy decision later this week.