SA’s foreign policy position roiled the market on Tuesday, sending the rand to a fresh record low after the International Criminal Court (ICC) confirmed Pretoria has to arrest Russian President Vladimir Putin if he shows up for the Brics summit in August.

Already the worst performing emerging market currency this month, the rand weakened as much as 1% to R19.86 to the dollar after the government laid down a plan to host Putin. The Russian leader has a warrant of arrest over his head for his alleged role in the kidnapping of children in the war on Ukraine...

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