Rand weakness
Latest unemployment figures push the rand back
The rand was the worst performer among its emerging market peers yesterday.
Ten economists said a cut to junk would be negative for markets, while six said it would be very negative.
The rand was by far the weakest performer in a basket of emerging market currencies against the greenback.
Tiger Brands was the biggest loser, among the blue chips, due to price pressures from the weaker rand.
Economists only expect the rand to strengthen further if the finance minister delivers a cost-cutting budget.
The dept says while it's stretching its budget for more output there's no plan to cut costs to embassies.
Whether it gets stronger or keeps on falling, Veritas Wealth Management’s Barry O'Mahony has tips on making money out of the rand.
Economists say while the global market goes through an adjustment, domestic issues have a real impact.
Fatima Bhoola says rand weakness can be attributed to many structural problems facing the local economy.