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Rand tumbles 2% against dollar

Feb 10 2012 14:37

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Johannesburg - The rand extended losses against the dollar to 2% on Friday, touching a nine-day low in line with a weaker euro.

The rand tumbled to r7.74/dollar, its weakest level since February 1, and was down 1.75% at R7.7175 in afternoon trade.

 
 
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It pays to know the cost and what you’re getting in return
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Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

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