South Africa rand expected to weaken as fiscal worries return

by | January 5, 2018 11:47 am

The rand is likely to weaken over 12 percent this year, hit by doubts about how much the new leader of the ruling African National Congress, Cyril Ramaphosa, a promised reformer, can do for South Africa’s ailing economy.   The rand is expected to weaken to 13.85 against the dollar by the end of the…

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