Rand plunges as SA enters recession

PUBLISHED: Tue, 04 Sep 2018 15:17:52 GMT

The rand plunged against the dollar as South Africa entered a recession and the greenback strengthened. GDP in the second quarter of 2018 fell by 0.7 per cent .Citadel’s Chief Economist & Advisory Partner, Maarten Ackerman joins CNBC Africa for more.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.