The rand fell for a second day on Thursday as local investors mulled President Cyril Ramaphosa’s economic recovery plan, while worries about a second wave of Covid-19 weighed on global equities.

At 5.41pm, the rand had weakened 0.83% to R16.6655/$, 0.43% to R19.4973/€ and 0.19% to R21.5299/£. The euro fell 0.39% to $1.17. The local currency has fallen 15.8% so far this year, according to data from Infront...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now