The rand showed slight improvement on Wednesday as it attempted to recover from an almost two-month low. Investors were looking for fresh insights into the global and domestic economic outlook.
The rand was trading at 17.425 per dollar, up about 0.6%, after experiencing a decline of more than 1% on Tuesday due to weaker gold prices, which affected other commodity-linked currencies as well.
S&P Global reported that South Africa’s private sector activity contracted for the first time in seven months in October, as businesses…
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Breadmaker
Russia: You have two cows. When you get sober you remember that the mafia took them away from you, so you actually have none.
Doz Killer
Alaska: You have two cows. Their combined IQ is higher than that of your most popular governor.