The rand rose to the strongest level since February after Eskom Holdings biggest bondholder was said to have a rescue plan for the state-owned company. The currency, which was already being buoyed by a global rally, added as much as 0.9%, bringing the dollar-rand pair close to crossing below its 200-week moving average. The nation’s 2026 bonds rallied, putting the yield on course to closing below 8% for the first time in more than a year.
