'Election year risk could hit rand': Standard Bank
Africa's biggest lender Standard Bank on Wednesday said that the South African Rand was likely to exhibit some level of risk going into an election year.
Source: timeslive.co.za
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Africa's biggest lender Standard Bank on Wednesday said that the South African Rand was likely to exhibit some level of risk going into an election year.
The currency hit its weakest since the record low set on April 6 2020
The South African rand slumped on Monday as investor concerns mounted over a power crisis that prompted President Cyril Ramaphosa to cancel a trip to the World Economic Forum in Davos.