Monday was a gloomy day for South Africa's currency as the country resumed power cuts over the weekend.
The rand was trading at 14.35 to the U.S. dollar when markets opened.
This represents a depreciation of 0.35% as at close of markets in New York on Friday.
The reaction of the South African currency comes as businesses express fear over a new wave of power cuts in South Africa.
The national electricity company, Eskom is struggling to reassure the business community.
Beyond the domesti…
http:///2020/01/06/south-african-rand-weakens-amid-fresh-power-cuts
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The rand was trading at 14.35 to the U.S. dollar when markets opened.
This represents a depreciation of 0.35% as at close of markets in New York on Friday.
The reaction of the South African currency comes as businesses express fear over a new wave of power cuts in South Africa.
The national electricity company, Eskom is struggling to reassure the business community.
Beyond the domesti…
http:///2020/01/06/south-african-rand-weakens-amid-fresh-power-cuts
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel and receive all the latest news from the continent.
- Category
- South Africa
- Tags
- southafrica, rand, currency
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