The rand fell as much 2% on Friday in its biggest one-day fall since early June, rounding off what has been a brutal week for risk assets.
SA’s currency sank to R17.92/$ by Friday afternoon, the lowest since the early days of the Covid-19 pandemic in May 2020, stretching year-on-year losses to 21%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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