HomeBusinessS.Africa's rand falls more than 1.5 pct vs dollar

S.Africa’s rand falls more than 1.5 pct vs dollar

JOHANNESBURG – South Africa’s rand fell more than 1.5 percent against the dollar to a week’s low on Tuesday.

Report by Reuters

The rand is weighed by strikes which have hit growth prospects ahead of a mid-term budget statement on Thursday.

The rand was at 8.7565 to the dollar at 1050 GMT after hitting a session trough of 8.7779 earlier, compared with Monday’s close at 8.6320.

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