MARKET WRAP: Rand loses for fifth day but JSE lifted by improved sentiment

The rand fell against the dollar for a fifth successive day on Friday, despite improved global investor sentiment on initial plans to open up the US economy, and reports of a potentially effective Covid-19 treatment.

The local currency, which is down 3.8% against the dollar this week, according to Infront data, has taken a knock as the pandemic continues to threaten the global economy and financial markets, with investors remaining fairly cautious.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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Alexandra’s black market for booze under lockdown - The Mail & GuardianUnderground liquor has a long history in South Africa. Its next chapter is being written under the nationwide Covid-19 lockdown This will be an ongoing thing, and why not? Government currently deprives 21 million drinkers, and smokers with a product they use on a regular basis. Everyone knows the risk using these products, but these products will not promote or safeguard against covid19. Spiteful governme
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