“The rand has taken a big knock, we are currently trading above R19.
The Fitch downgrade came as a big surprise, the Moody’s one, perhaps not so much of a surprise it was widely expected, potentially we could even see R20 to the dollar.”This entry was posted on 05 Apr 2020,07:38AM at 7:38 AM and is filed under
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MARKET WRAP: JSE ends lower but records weekly gain on rand hedges and minersWith the rand plumbing record lows, companies that benefit from overseas sales did well this week Already trying to put a positive spin on it, one can only wonder if the same would have been said had it been Zuma at the healm
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