Rand slightly firmer despite Covid-19 second wave fears
The rand has lost more than 31% against the dollar so far in 2020
The rand slightly firmed on Tuesday, despite fears regarding the possibility of a second wave of the coronavirus as some countries reported a pick-up in new cases as they gradually ease restrictions in an effort to restart their economies.
On Monday, Wuhan, the epicentre of the coronavirus outbreak in China, reported its first cluster of infections after the city’s lockdown was lifted a month ago. New coronavirus infections are accelerating in Germany just days after it loosened social restrictions, raising concern that the pandemic could again slip out of control. South Korea also warned of a second wave of the virus on Sunday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.