MARKET WRAP: Rand and JSE slide on Eskom woes
State-owned utility warns that stage 7 and 8 load-shedding is on the cards as winter sets in
18 May 2023 - 19:04
The rand weakened for the third consecutive session on Thursday and the JSE bucked firmer global markets as warnings of intensifying power cuts weighed on sentiment.
The local currency touched an intraday low of R19.48/$ as the outlook for SA remains gloomy, with the possibility of stage 8 load-shedding making headlines. The dollar, meanwhile, is at its strongest level in six weeks. ..
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.