Rand hits a new all-time low against the dollar
Rand hits a new all-time low against the dollar

Rand hits a new all-time low against the dollar

Lungelo Mpangase

11 min
News
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Description

The Rand hit a new all-time low against the dollar, due to a number of geopolitical factors, including claims that South Africa has helped arm Russia with weapons for the Russia-Ukraine war. Business Day TV spoke to Andre Cilliers, Director and Currency Strategist at TreasuryOne for his assessment of the local unit's performance.

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