South Africa and other emerging market currencies fell sharply on Tuesday, after China moved to devalue its currency. China's move followed the release of weaker than expected trade data. The Rand has slumped to 12.80 against the dollar, its worst level in almost 14 years. The Rand has been under pressure in recent months reacting to a pending rate hike in the US and China's move could have added concerns. CCTV's Sumitra Nydoo reports.
- Category
- South Africa
Be the first to comment
Up Next
Autoplay
-
00:44
South African Markets Celebrate Dropping Of Charges On Finance Minister, Rand Up 1.6%
-
02:58
South Africans start week of national mourning for Archbishop Desmond Tutu
-
00:54
South African rand weakens amid fresh power cuts
-
01:46
South Africa's ANC at its 'weakest', says Ramaphosa
-
03:14
Starbuck's First Week Of Sale In South Africa Exceeds Expectations
-
02:30
Zimbabwe Residents Abandon South African Rand As It Falls Against U.S Dollar
-
02:27
South African Rand Continues To Fall
-
01:58
250 People Killed Every Week On South Africa's Roads
-
00:36
South Africa Finance Minister May Be Charged This Week For Alleged Graft
-
02:31
South African rand recovers after falling to all-time low against U.S. dollar
-
59:15
The Chinese are Coming
-
00:50
Olympics: Uganda strikes 10,000m gold as Morocco, Egypt advance in football
-
02:13
BREAKING: President of Mali held in 'coup' by soldiers
-
01:11
Malawi's former VP files complaint against president
-
07:40
Breaking Sex-Ed taboos in South Sudan
