Rand continues to weaken - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The rand continues to weaken in Asia this morning, trading at R17,12 cents to the dollar, after having been as strong as R14,50 cents at the beginning of April.

This, as the dollar continues to strengthen, having reached parity against the euro for the first time in 20 years.

The stronger dollar is, among others, the result of rising interest rates in the US, pushing up the yield of US treasuries.

 

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I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff

Its all because of the PhalaPhalaFarmGate .

We were told that, if Ramapho$a doesn't become the president, the rand will be weak. Now he' sitting president. The rand becomes weaker. What went wrong(www.)?

Ramaphosa would do fokol. The Rand is cheap (emerging market currency not favourable) that’s why not as safe as the $. Thus investors choose the safety of the $. The fears of a looming global recession are real and causing high economic uncertainty. Just economics not egos.

ANC economic policies are disastrous, we use our own currency but we have similar problems experienced by Zimbabwe who are using a dollar.

IMF money and all debt from foreign banks have just become more expensive

The man in Charge is still not being questioned kkkkkk

This is not funny, the media contributes to this everyday when they refuse to call a spade a spade but instead call it a pickaxe. PhalaPhalaFarmGate CyrilRamaphosamustgo CyrilMustResign

Imagine if this happened during the so called 9 wasted years with all that is happening in the country right now white gogos would be on the street with placards Zuma must fall & media camping outside Nkandla but Ramaphosa is an angel a victim of it all like the rest of us 😏

In Asia?

And PhalaPhalaGateFarm PhalaPhalaFarmGate is still in power 🤣🤣🤣 he is no Rand savior lomuntu Ramaphosamustfall

kuphelile ngeSA let's just face the facts

SPGlobalRatings MoodysInvSvc FitchRatings spectatorindex GlencoreCorruption GlencoreCorruption GlencoreCorruption PhalaPhalaFarmGate PhalaPhalaFarmGate PhalaPhalaFarmGate PhalaPhalaFarmGate PhalaPhalaFarmGate PhalaPhalaFarmGate PhalaPhalaFarmGate

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