Welcome to junk: Rand tumbles as risk of further downgrades grow
The rand was edging down to R14 to the dollar after one rating agency demoted South Africa to junk status and another placed it on downgrade review.
The rand was edging down to R14 to the dollar after one rating agency demoted South Africa to junk status and another placed it on downgrade review.
Finance minister Pravin Gordhan says the country faces a challenging two months as government, business and labour work to avoid a credit downgrade.