This happened just three hours after theJohannesburgStock Exchange (JSE) opened.
At the time of writing this report, the rand was trading at R15.18 to the dollar.
The dollar is continuing to strengthen, thus weakening the rand.
The South African rand has once again plummeted and broke the R15 level against the dollar on Thursday morning. Image: Stock PhotoSource: Getty Images
The rand has reached its weakest level since March, according toMoneyweb.
This was due to the large trading volumes that extended to a record R145 billion.
The trading still needs to be processed.
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A report byBloombergrevealed that the JSE was out for five hours and prevented trade in stocks.
Source: Briefly News
Reeshni ChettyReeshni Chetty is a senior current affairs reporter.
Reeshni has a passion for breaking the stigma surrounding mental health issues.
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