Discussing the Rand after it hit its best level

The State argues that Moroadi Cholota has established a base and a network to be able to survive outside the borders of South Africa.
View of an irrigation system on a farm. AFP/Nelson Almeida
Avbob Investment Plan
File: A general view of the the logo of the Johannesburg Stock Exchange (JSE) in Sandton, South Africa. 
JOHANNESBURG – The JSE hit a new record high on Monday and the Rand hit its best level in a year.
It’s all a bit of a mystery.
Markets are performing like this when earlier in the month they were tanking on fears that the US might go into recession, and AI stocks had  been hyped up.
So what’s going on?
Owen Nkomo from Inkunzi Investments discussed this with eNCA.