Why does this matter to me?

It is interesting to note how the Rand has firmed to its best levels in six months ahead of a big day when the South African government is set to present a third attempt at a 2025/26 Budget and President Ramaphosa is meeting with President Trump. The general expectation is that the Budget will be passed this time round and satisfy markets with its fiscal austerity. In the case of talks with the US, much bad news has already been factored in, and the outcome is therefore likely to be more positive than negative in relation to current fears.