Rand falls to 3-week low on economy woes

Johannesburg - SA's rand hit a three-week low on Wednesday as the US currency strengthened and the deputy central bank governor warned that domestic economic growth continued to disappoint.

At 17:20 GMT the rand was trading 0.75% weaker at R11.8500/$, its weakest level since February 12.

Deputy Central Bank Governor Francois Groepe said on Wednesday economic growth was disappointing, but the bar for South Africa to ease monetary policy remained high, with underlying inflationary pressures persisting.