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Picture: Suplied

Sa rand plummets

Rand weaker as downgrade fears dim demand

By Reuters

The rand dived to a 12-month low on Friday on reports President Jacob Zuma government was considering a range of budget cuts to pay for free tertiary education.

  • Picture: Supplied

    South Africa’s rand dips as risk revival dents resources

    The rand was also hit by some selling on technical factors as it broke through the R13.1000 support ahead of a bank holiday on Thursday.

    1458 days ago
  • Asian stocks looked vulnerable to another sell-off on Tuesday. Picture: stock.xchng.

    Asian shares resume slide on fears over Chinese economy

    Asian stocks looked vulnerable to another sell-off on Tuesday

    2068 days ago
  • The South African rand. Picture: Craig Wynn/EWN.

    Rand slumps to two month low

    The currecy fell more than 1% to its weakest in two months against the dollar on Monday.

    2516 days ago
  • Economist Dawie Roodt believes the situation won’t improve in the year ahead. Picture: Supplied.

    Rand weakens further in 2014

    The currency was almost one percent weaker in early trade on Thursday morning.

    2667 days ago
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