The rand was weaker on Thursday at midday, reaching another record low against the dollar, as the Covid-19 pandemic continues to threaten the global economy and financial markets causing investor risk sentiment to remain fragile.

The local currency fell to R18.33/$, according to Infront data...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now