STRUCTURAL ISSUES
Lack of reforms may see more rand losses
The rand is down just over 4% against the dollar so far in 2019
26 September 2019 - 05:05
The rand’s biggest intraday drop in six weeks could be a sign of more to come if President Cyril Ramaphosa fails to enact growth-boosting reforms while the global environment worsens, analysts said.
Wednesday’s decline pushed the rand, which often acts as a proxy for investor sentiment towards emerging markets, above R15/$ for the first time since September 4, as Democrats’ move to impeach US President Donald Trump added another layer for a global economy that was already reeling from US-China trade tensions and a slowdown in key markets such as the eurozone...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.