Yes, it is ZAR strength - even against the £ which has gained against both $ and Euro.
Think it has to do with SARB being more hawkish in their rates outlook compared to their
last meeting. Plus of course the upwards momentum in resource prices.
A temporary phenomenon, ZAR is structurally weak even without political influences.
Expect a weaker ZAR towards end 2017. Say 14.20 to the $ ??