Rand breaks through R16 to the dollar

• The rand has broken through the R16/$ resistance level, touching R15.99 to the dollar for the first time in almost 6 months.
• The rand's strength is attributed to the weaker US dollar, global debt concerns, and the recent rise in gold and platinum prices.
• The rand's continued strengthening is expected, with Investec projecting it to average R15.90 by the end of the year.