Rand slips amid rise in political violence and Covid-19 numbers
The rand lost 1% in early trade on Monday, worse than its peers, as SA grapples with an extended lockdown and violent Zuma-related protests
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12 July 2021 – 09:31
The rand was on track for its worst day against the dollar in almost a month on Monday, slipping more than 1% as the market grappled with the twin blows of violent political unrest and an extension to level 4 restrictions.
Former president Jacob Zuma’s incarceration has prompted violent protests in KwaZulu-Natal, Mpumalanga and Gauteng, and there are concerns of escalation amid calls for a national shutdown on Monday…
Source: businesslive.co.za