Currency Note Worldwide

Price and politics spell trouble for rand

By Ricky Bean March 24th, 2016

The South African rand suffered yesterday alongside other commodity currencies as oil prices lost nearly all the ground gained this week. Rand weakness can also be attributed to the growing concern surrounding the South African government. Now being coined the ‘Mafia State’ by some, it is feared that if private involvement continues to meddle in South African politics then there will be a serious threat to the nation’s democracy and, in turn, its foreign affairs.

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