Rand enters second day of gains as global mood improves
Rand Merchant Bank analyst Siobhan Redford warns there is ‘ever-present risk’ of local currency breaching R15 if load-shedding intensifies
17 February 2020 - 11:25
The rand entered its second day of gains on Monday morning, as investors shrugged off the rapid spread of the coronavirus.
The hope that China will use stimulus measures to counter the effect of the virus has lifted market sentiment. The virus has claimed more than 1,700 lives in mainland China and more than 70,000 people had been infected by Monday amid the worry that the virus may have an effect on the global economy...
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