Rand comes off best levels as business confidence slumps
The Bureau for Economic Research’s business confidence index dropped to 21 points in the third quarter, a 20-year low
11 September 2019 - 10:44
The rand was weaker against the dollar on Wednesday afternoon, but was still hovering not far off its best levels in more than a month after Moody’s Investors Service eased downgrade fears.
Moody’s said on Tuesday that SA is safe from a credit-ratings downgrade for the next 12-18 months. Moody’s is the only global credit-ratings agency that has not downgraded SA to below investment grade...
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