The Rand fell as low as 19.83 to the Dollar in choppy trade, not far from the weakest it has ever traded at 19.9075 in June 2023.

"The past few trading sessions have been a wild ride, and there are no indications as yet that the volatility is about to end," said Danny Greeff, Co-head of Africa at ETM Analytics.

The SA currency is highly susceptible to shifts in financial market sentiment, which has soured badly over Trump's global tariff war.

US tariffs on dozens of countries kicked in on Wednesday, while China was hit with 104% duties. China said it will impose 84% tariffs on US goods from Thursday, up from the 34% previously announced.

Another important factor behind the rand's recent slide is local politics, which some analysts think has outweighed global developments.

--Reuters--