The rand was firmer on Monday, regaining Friday’s losses after Moody’s Investors Service and Fitch downgraded SA further into junk status, while S&P Global Ratings maintained its outlook.

A further downgrade to SA’s rating did little to deter the rand in morning trade on Monday, with the local currency reaching an intraday best of R15.3028/$, its best level since last Monday, according to Infront data...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now