Rand plunges to record low
Updated | By Nondumiso Zakwe

The currency stabilised to a degree it is currently at about R13.14 to the greenback.
Markets were struck by falling imports in China.
Durban-based market analyst, Scott Logan, says the global economy has become so reliant on China to support growth that the worsening data has shaken markets from Asia to the United States.
''Emerging market economies and particularly those who produce commodities like iron, copper and coal continue to come under selling pressure,'' he said.
Logan says desperate attempts are being made by China to stimulate its economy and support a $6-trillion stock market.
(File photo)
Show's Stories
-
South Africa wins gold at Dance World Cup 2025
It's true, there's nothing but green and GOLD running through our veins...
Carol Ofori 2 hours ago -
Tips to WIN 40K in Darren Maule’s Quick Quiz
Darren Maule’s Quick Quiz is the easiest way to win BIG CASH! All you ne...
East Coast Breakfast 5 hours ago