Rand slips as investors wait to hear ANC’s stimulus plan
Fitch Ratings has lowered its outlook on Eskom's stand-alone credit rating to negative, citing weak revenue growth among the reasons
01 October 2019 - 10:52
The rand entered its fifth consecutive session of losses on Tuesday morning, leading emerging-market currencies lower while investors wait to hear the ANC’s plans to boost the economy.
The ANC is expected to announce plans to address economic stimulation, on Wednesday. This follows the conclusion of the ruling party's national executive committee (NEC) meeting at the weekend, at which the Treasury's economic reform paper was discussed...
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