Rand extends losses after poor GDP data
Economic data released on Tuesday shows SA entered a technical recession in the last half of 2019
BL PREMIUM
03 March 2020 – 11:58
The rand was weaker on Tuesday morning, extending losses after data showed SA’s economy performed worse than expected in the fourth-quarter of 2019.
SA’s economy contracted 0.5% year on year in the last three months of 2019, worse than the 0.2% fall expected in the Bloomberg forecast.
Source: businesslive.co.za