Rand at record low ahead of possible lockdown
The local currency weakened to as much as R17.89/$ on Monday, with President Cyril Ramaphosa set to give an address later
BL PREMIUM
23 March 2020 – 12:44
The rand reached a record low on Monday, as SA reported more cases of the coronavirus and amid the lockdown-induced uncertainty among investors.
The number of confirmed cases of the Covid-19 has increased in a matter of weeks, prompting authorities to take tough measures. Many believe the country will be placed in lockdown in an effort to curb the rapid spread of the virus.
Source: businesslive.co.za
