The bank also signalled more action to support the economy, which it now sees shrinking by about 6 percent in 2020 due to added disruptions from the virus. South African stocks fell 2.8 percent.
Broader emerging markets were also on the backfoot, with the MSCI's stock index shedding about 0.5 percent, while currencies fell 0.2 percent.Investors were cautiously looking to the possible opening up of major economies, given that virus cases were seen peaking in the United States and Europe.
Where is Nomvula? She must pick the damn Rand up!!! 🤣 🤣 🤣
Theu even said publicly that they were going to do it. Why is eNCA surprised.
Wooooow shocker
Apart from the sad fact that most traders are dangerously inept, the poor forward guidance from the Central Bank is the basis for this overaction.
Shuu
But the entire world is talking about the negative impact of economy, why then do we have to worry while no exchange of foreign trading? We are in a crisis currently and we need to focus on that.
Why you'll acting all surprised? 🤣😂🤣🤣🤣😂 That's exactly how the system works mos? Increase the IR, it gains strength, you decrease IR it gets a whooping.
Rand is clumsy,it falls over anything. 🤦🏾♂️
Timely...
They never loved us
🙆♂️
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