If a company based in SA prefers a strong rand (a rand with a high foreign exchange value), then the company probably exports more than it imports.

Question

Quizplus · Accepted Answer

If a company based in SA prefers a strong rand, it means they will have to pay more for their exports in foreign currency, making their exports less competitive in the international market. Therefore, a company that prefers a strong rand is likely to import more than it exports, as it will benefit from cheaper imports due to the stronger purchasing power of the rand.

If a Company Based in SA Prefers a Strong Rand