Rand weakens further in Asian markets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The rand has weakened by one percent in Asian trade on Monday morning, trading at R18.05 to the dollar, after having weakened by two percent on Friday.

The two-year treasury bond is yielding four-point-two percent on expectations of further aggressive interest rate hikes by the Federal Reserve, putting pressure on equities and turning the dollar into a safe haven asset. Besides the stronger dollar, Eskom’s rolling blackouts and inability to generate the electricity needed, are also putting pressure on the rand, as it creates an uncertain environment for economic growth.

Who do we blame? I say Cyril but fools say ANC😅

Thank you thuma mina gangsters

For the electrical sake,50c only buys sweets so if the rand will fall with 1% then de country goes down,the power issue is really a big problem 4 de country.Can de SA judiciary de accordingly with all who r included in scandal of the power stations,agently this issue mst b sorted

Lol looting money is very dangerous, if the country have leaders that doesn't know the impact of looting! They been trying so hard to loot money from government so bad, they did, we will wake up in the morning, R1 will have no value 🤞

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0

Wonder why 🙄 Eskom_SA can answer that

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