Rand slips past R15/$ as Eskom resumes load-shedding
The local currency lost more than 1% against the dollar after the utility announced load-shedding will take place from 9am to 11pm
16 October 2019 - 08:36
The rand slipped as much as 1% against the dollar on Wednesday morning, extending earlier losses, after Eskom said it would resume load-shedding.
The economic effects of load-shedding remain a major headwind for the rand, with unreliable electricity considered a major reason SA’s economy contracted 3.2% in the first quarter of 2019...
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.