Rand plunges to weakest level since 2020 amid fears of a recession

Soaring petrol prices and increased load shedding have left South Africans battered and bruised. To add insult to injury, on Tuesday, the rand dipped to its weakest level against the dollar since 2020 as global investors lose confidence. According to News24, the rand traded at R16.58 to the dollar, a percent weaker than on Monday. However, South Africa’s currency isn’t … Continue reading Rand plunges to weakest level since 2020 amid fears of a recession