Fear, beer batter rand
30 September 2016 - 08:55
The rand tumbled for a second day yesterday, leading declines against the dollar among major and emerging currencies, amid speculation inflows arising from Anheuser-Busch InBev 's purchase of SABMiller may have run their course. The rand slumped 1.4% to R13.8087/$1 in Johannesburg, heading for the biggest drop since September 9 and paring its gain this month to 4.
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