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.

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.”

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CORONAVIRUS: South Africa effects 21-day lockdown - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa has declared a 21-day nationwide lockdown amid the rapid rise in the COVID-19 infection rates in the country. The Department of Health earlier issued a statement putting the number of infections in the country at a staggering 402. No. He was told to. The joke is over my fellow citizens. You either comply or else 🚔 Best decision ever
Source: SABC News Online - 🏆 32. / 51 Read more »

Sassa to pay grants earlier - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Social Security Agency has made provisions to pay grants to older persons & persons with disabilities earlier this month to help avoid crowds of people gathering at pay points. coronavirus CoronavirusInSA sabcnews
Source: SABC News Online - 🏆 32. / 51 Read more »