Rand extends losses amid junk-status threat
Fitch Ratings cut its outlook on SA’s debt to negative on Friday following Eskom’s bailout, while the focus has turned to the US Federal Reserve
29 July 2019 - 09:56
The rand was weaker against major global currencies on Monday morning, at a one-month low against the dollar, after being battered on Friday by looming threats of credit-ratings downgrades.
Fitch Ratings cut its outlook on SA’s debt to negative on Friday following the announcement of an additional R59bn in support for Eskom over the next two financial years...
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