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Rand weakens as consumer confidence declines, stocks down

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At 1500 GMT the rand traded at 14.40 to the dollar, a 1.03% retreat from its New York close on Tuesday.

JOHANNESBURG - The rand slipped to a three-week low on Wednesday as the consumer confidence index showed a decline in the first quarter of 2019, while stocks also weakened.

Consumer confidence dipped in the first quarter of 2019 to +2 from +7 in the final quarter of 2018. Consumers were neither optimistic nor pessimistic about the outlook two weeks ahead of a national election seen as a referendum on the economy.

 

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ANC finacial genius and magic...turning the Rand into crap right before your eyes!

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