The Coronavirus causes the ZAR to plummet
The weakening of the South African Rand (ZAR) in recent days is expected to see local importers enjoying great business deals from South Africa.
The South African currency suffered a setback last week as investors in that country were reportedly fleeing riskier assets following the rapid spread of coronavirus, a deadly virus which has killed thousands and continues to spread across the world after it was first discovered in China.
While the South African currency performance is driven by macro factors, its latest slump against the US Dollar a...
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