Does the value of the rand really matter?

In this podcast we unpack the strange relationship we as South Africans have with our currency. Why does the value of the rand affect our perception of our country? A strong rand gives us an emotion boost in the same way as our winning sports teams do – and when the rand is weak, we see it as a sign of failure. Is this normal and do people in other countries feel the same way about their currency?
In this podcast Maya chats to Michael Kruger, Senior Investment Analyst at Morningstar about the value of the rand, both emotionally and physically. They also unpack the drivers behind the value of the rand – the answers may surprise you.