“The rand loses its value and we as South Africans are poorer today than what we were yesterday”
By Kouthar Sambo The rand dropped to a whopping decline in three years, and local currency bond rates increased as investors are concerned over South Africa's deteriorating economy coupled with the ongoing energy shortfall. South Africa's rand saw the worst decline among major developing markets on Wednesday, falling as high as 1.1% to R18.8368 per $1 - its lowest level since May 2020. “At the moment the rand is much […]
