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Rand will remain extremely weak in coming days, warn economists - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Economists have warned that the rand will remain extremely weak in the coming days as the coronavirus continues to ravage global markets.

will remain extremely weak in the coming days as the coronavirus continues to ravage global markets.It breached 17 rands last week.“Emerging markets are in acute risk aversion, financial market participants are almost indiscriminately selling assets and turning to cash as a safe heaven.

Given that South Africa is an emerging market and one that has a substantial commodity component to its GDP and an emerging market that was already weak prior to the COVID-19 means that South Africa would be in the cross heads of this sell off and this will result in the rand remaining vulnerable and weak.”

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Is better to be lockdown cause this coronavirus can do something horrible to someone

Did the pound and dollar weaken since this pandemic occured though?😕Why is it always the rand weakening , I seriously don't understand

Right now we busy staying mad and trying to survive this US/Europe/China biological war, to worry about an economy.. Fcuck these so called first world countries 🖕🖕🖕🖕

And that's okay, health and life is worth more.

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 /  🏆 32. in KR

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