Tag: greenback

Currencies in South Africa, South Korea, Australia and New Zealand crumble as market volatility shoots up

The South African rand plunged over 4% against the dollar to R16.28.

South Africans speak out about recession

CNBC Africa went on to the street of Johannesburg to find out what people on the ground think of the technical recession that descended over South Africa.

Rand plunges as SA enters recession

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.