WORLDVIEW: Is Friday’s rand slump a sign SA is being hit by the emerging markets rout?

On Friday, the rand fell to a six-month low, hitting R13.28 to the US dollar before rebounding to its current levels. Now, a rand slump is not, in and of itself, a huge deal. After all, the rand has done much worse in the past – it was trading at R16.84 to the dollar back in early 2016.

On Friday, the rand fell to a six-month low, hitting R13.28 to the US dollar before rebounding to its current levels. Now, a rand slump is not, in and of itself, a huge deal. After all, the rand has done much worse in the past – it was trading at R16.84 to the dollar back in early 2016.

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