The finance minister’s special budget speech is expected to add to the rand’s volatility, according to one analyst
The rand was weaker on Wednesday as the rising number of Covid-19 cases in SA and globally weighed on investor sentiment. Local focus has shifted to the emergency budget.
Investors have been relying on stimulus measures from governments and central banks around the world in an effort to help cushion the economy against the devastating effects of the coronavirus pandemic, with SA set to announce its emergency budget later today.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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