Rand tumbles but JSE holds its ground
By Chris Harmse | Published May 15, 2023
The main concern for South African financial markets remains the sharp depreciation of the currency.
By Chris Harmse | Published May 15, 2023
The main concern for South African financial markets remains the sharp depreciation of the currency.
By Siphelele Dludla | Published May 15, 2023
The rand tanked to an all-time low on Friday, reaching R19. 52 against the US dollar, surpassing the R19. 35/$1 achieved at the height of the Covid-19 pandemic, on the back of a diplomatic fallout between South Africa and the US over Russia’s invasion of Ukraine.
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