The bank index pulled the JSE all share lower on the day, with the index making its biggest losses in two weeks
31 August 2020 – 19:52
The rand, in line with its status among the most volatile currencies, followed up its biggest gain in more than three years with a drop that was the biggest in two months as local politics came back to the fore.
After being as strong as R16.5497, the currency failed to touch the key R16.50/$ level and was by 6:58pm, closer to R17/$. It was eventually 2.1% weaker at R16.9498/$ for its biggest drop since June 11, having gained 2.6% on Friday.