First confirmed coronavirus case in SA sends rand diving

PUBLISHED: Thu, 05 Mar 2020 16:11:23 GMT
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By Bianca Botes, Treasury Partner at Peregrine Treasury Solutions

The rand has come under pressure as the first case of the COVID-19 coronavirus has been confirmed in South Africa.

The markets are on edge, with many questioning the ability of government to deal with a breakout in SA efficiently. The currency weakened 1.4% during the course of Thursday, trading at R15.46/$, R17.30/€ and R19.99/£.

RAND DIVES ON COVID-19 CASE

READ:South Africa confirms first case of COVID-19 ­

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