NEW: Rand Crosses R20 To The Pound Level

JOHANNESBURG - The rand has come under severe pressure breaking through the R20 to the pound level and dropping to R12,82 to the dollar.

A number of global factors appear to be affecting the local currency, which has lost major ground over the past few weeks.

However, despite the rand dropping to lows last seen in 2001, it seems to be faring better than other emerging market currencies, including Russia and Brazil. 

READ MORE


Follow us on Facebook:
PEFM 87.6

Follow us on Twitter:
@PEFMnews

Listen to us on streaming internet radio at: Tunein and from our website at:  PEFM



International Correspondent Scott Congdon can be reached at:
Mail: scottcpefm@gmail.com

*Note: Views expressed in the commentaries on this website are those of individual authors and not necessarily those of PEFM 87.6 or our presenters or correspondents.  Quotes are obviously the opinion of the source. A quote is just a quote and these are offered without comment. Use of a news story or commentary is not an endorsement of the source website.

© PEFM 87.6