Rand slips amid rise in political violence and Covid-19 numbers

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