JSE slumps to biggest loss since 2008 financial crisis as virus fuels global panic
Rand under pressure as investors await finance minister Tito Mboweni's budget statement on Wednesday
Two days before finance minister Tito Mboweni unveils what could be the most difficult budget in postapartheid SA, local assets were caught in the middle of a global sell-off as the spread of the coronavirus intensified.
Shares on the JSE slumped to their worst day since the outbreak of the global financial crisis more than a decade ago, recording losses not seen since the aftermath of the collapse of Lehman Brothers. The rand was stuck at levels above R15/$.