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Weak rand helps under-performing Petra

A weak South African rand could benefit Petra Diamonds (LSE:PDL) by cutting its costs, says RBC.

Weak rand helps under-performing Petra Weak rand helps under-performing Petra Weak rand helps under-performing Petra Weak rand helps under-performing Petra Weak rand helps under-performing Petra

Petra's Cullinan mine in South Africa is being helped along with the weak rand

RBC analysts led by Tyler Broda pointed out in a note Friday that, as all the company's costs and capex were accrued in rands, Petra's profitability should benefit significantly if the currency