The rand was weaker on Monday morning after risk appetite waned, as investors worried about a rise in Covid-19 cases in Europe. 

At 10.09am, the rand had weakened 0.99% to R16.4786/$, 0.86% to R19.4886/€ and 0.83% to R21.2201/£. The euro had weakened 0.10% to $1.1826. The rand is down 14.89% against the dollar so far in 2020. 

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 exclusive Financial Times articles, 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