Rand hits new low on bleak economic outlook
At R19 to the greenback on Friday, it is the lowest the currency has ever been to the dollar, compounded by Fitch’s downgrade to ‘junk’ status, writes Siphelele Dludla
THE RAND tumbled further into the red on Friday, braking the R19 mark against the dollar for the first time ever, just hours after Fitch downgraded the country’s credit rating further into “junk”, lowering its long-term foreign-currency issuer default...
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