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Rand slips as Woolworths, Old Mutual lead stocks higher

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The rand slumped to a one month low on Tuesday as data pointed to continued weakness in the economy.

are due on Wednesday and mining production data on Thursday.

The Johannesburg All-Share index and Top-40 index registered near one-month highs as department chain Woolworths and insurer Old Mutual posted strong gains.Woolworths gained 8.30 percent after it said it appointed Levi Strauss executive Roy Bagattini as CEO, cheering investors keen for a fresh pair of hands to tackle the department chain’s struggling Australian business., Peter Moyo, a shift in legal fortunes for the country’s No.2 insurer.

 

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