The rand tested R14/$ for the first time since January 2020, coming within a few cents of the important level, while ratings agency Moody’s Investors Service is scheduled to release its latest review of SA’s credit rating later on Friday.
Moody’s has SA on a Ba2 rating, which is two notches into junk status, with a negative outlook. Most analysts expect no change from Moody’s, and therefore little effect on markets...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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