• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

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Eurozone woes knock rand - again

Jan 04 2012 18:08
Johannesburg - The rand snapped a four-day winning streak on Wednesday to fall 1.6% against the dollar, tracking a weaker euro as concerns about the eurozone debt crisis persist.

The rand fell to R8.1870/$ on the day against the greenback, its weakest level since December 29.

Government bonds followed the weaker currency in an illiquid market. Yields on the benchmark 2015 bonds were up 11 basis points to 6.85% and on the 2026 issues yields climbed 13.5 basis points to 8.635%.

 
 
 

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