Rand heads for biggest loss in a week ahead of Moody’s review
SA bonds among only a handful of markets to record losses on Friday as investors weigh a potential downgrade
The rand headed for its biggest loss in more than a week as investors awaited a Moody’s Investors Service review that might see the country lose its last remaining investment-grade rating. SA bonds also fell.
The country's markets were also down as SA started a 21-day national lockdown with mixed results, and as it recorded its first deaths from the coronavirus outbreak that has wreaked havoc in markets across the world.