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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn early trading on Monday, the South African rand was generally stable. However, market participants were nervous after the currency hit a record high last week.
The rand traded at 19.6450 against the dollar, at 06:22 GMT, not far from its Friday closing level of 19.6625 and down about 7% against the greenback this month. It hit a new all-time low of 19.8175 early Friday after the South African Reserve Bank raised its main interest rate by 50 basis points but failed to impress some
traders and economists.
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