South Africa

February 28, 2020
Rand and stocks plummet as junk-status rating fears for South Africa loom premium
The South African rand has fallen to its lowest-level in almost four years, South African-listed equities have plummeted into correction territory, and a junk credit-rating for the country is now looming. The widespread rush from risk assets hit commodities, including oil, copper and iron, pushing the Bloomberg Commodity Index to a 33-year low as worries grow over the demand for materials will be weakened as coronavirus drags on Chinese and global economic Read More
premium
Nigel Green