We've got news for you.

Register on Sunday Times at no cost to receive newsletters, read exclusive articles & more.
Register now

The rand’s taken a beating amid market carnage, but ‘will bounce ...


The rand’s taken a beating amid market carnage, but ‘will bounce back’

Interest-rate cuts by developed markets’ central banks could boost SA assets with their higher yields, says economist

Lindiwe Tsobo

The rand has been hit particularly hard of late, with its 10% drop in the past month placing it among the worst-performing emerging-market currencies so far in 2020.

But French banking group BNP Paribas economist Jeff Schultz expects the currency to improve in the long term.

The rand resumed its drop on Thursday, sliding more than 1% in the morning as US President Donald Trump added to market uncertainty by banning European travel to the US, causing carnage for the shares of European airlines such as British Airways parent company IAG, which was down about 10%.  ..

This article is free to read if you register or sign in.

Sunday Times Daily

If you have already registered or subscribed, please sign in to continue.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

You have reached the end of the Edition.

Previous Article