Rand weaker as SAA struggles to stay aloft
Local factors such as SAA’s need for R2bn in funding are putting the local currency under pressure
20 January 2020 - 11:59
The rand was weaker against the dollar on Monday morning, with the future of state-owned airline SAA uncertain, and concerns that SA is headed for further credit-ratings downgrades spooking investors.
State-owned entities (SOEs) SAA and Eskom are struggling with unsustainable debt burdens. The two SOEs are seen as the biggest threats SA’s credit rating...
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