Rand Drops as Violent South African Protests Add to Budget WoesBy
Rand leads losses among emerging market, major currencies
Nedbank's Nalla sees more weakness if protests escalate
South Africa’s rand fell for its biggest weekly decline in a month and bonds tumbled as protests marred by violence added to negative sentiment after Finance Minister Nhlanhla Nene’s budget painted a bleak picture of government finances and the economy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.