Rand set for fourth day of losses as virus worries mount
The local currency is down more than 4% in the past month
27 February 2020 - 11:15
The rand was on track for its fourth day of losses on Thursday morning as the spread of coronavirus escalated pandemic fears.
While the rand strengthened after the budget speech on Wednesday, that did little to aid the local currency, which is down more than 4% over the past month, according to Bloomberg data, as the rise of coronavirus outside China adds to concern about global economic growth. By Thursday, the virus had claimed almost 2,800 lives and more than 80,000 people had been affected...
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