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#AceFinanceDesk – South Africa’s rand hits new 3-week low, stocks slip


JOHANNESBURG — South Africa’s rand slumped to a new three-week low in an emerging market rout on Friday as investors’ hopes for a global recovery were dented by a sharp contraction in the U.S. economy.

At 1640 GMT, the rand was 1.63% weaker at 17.0250 per dollar, its weakest since July 8, adding to Thursday’s 2% plunge.

South Africa’s rand hits new 3-week low, stocks slip

By Ace Worldwide News Group

After 30 years of providing my services in Warwickshire in the United Kingdom. I am in the process of building a network of news sites in finance,business, property, social and healthcare under the name of "Ace News Group" together with providing goods and services through our sales and marketing news. I also have an organisation and fully fledged management consultancy agency. This provides contracts to enable people to provide their news, goods and services.

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