Reported 1 day ago
The South African rand experienced its largest decline in two weeks against the dollar due to escalating political tensions between the country's ruling parties and fears arising from US President Trump's tariff threats. Investor confidence has been shaken as the government of national unity struggles, leading to significant outflows from local asset markets. The rand dropped 1.5% to 18.6678 per dollar, reflecting concerns about uncertainty in South Africa's political landscape and the potential impact of US trade policy.
Source: YAHOO