S.Africa's rand breaches key level as weak China growth weighs - CNBC Africa

S.Africa's rand breaches key level as weak China growth weighs

Southern Africa

by Reuters 0

S.Africa's rand breaches key level as weak China growth weighs. PHOTO: Reuters

South Africa's rand fell nearly 1 percent against the dollar on Thursday, breaching 13.00 for the first time in 14 years as concerns about slowing growth in China weighed on commodity currencies.

The rand touched a session low of 13.0050 to the greenback, its weakest since Dec. 2001 according to Thomson Reuters data.

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