lowest since 2016

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The rand hammered to lowest level since 2016

The rand plunged by almost 8% against the dollar on Monday, almost touching R17/$, as investors fled riskier assets, with tumbling oil prices adding to nervousness spurred by the spreading coronavirus. While global sentiment was the largest factor in the rand’s performance - with the currency seen as a proxy for its emerging-market peers - local factors including renewed rolling power cuts by Eskom and a downbeat assessment by Moody’s […]

today9 March 2020

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