Rand weakens after public protector calls for Bank to ditch currency protection

It was‚ however‚ “a livewire issue‚ even if a change here is not likely to actually occur‚ the risk of it is important to markets and ratings agencies”‚ said Attard Montalto.

At 3.30pm the rand was at R12.9643 to the dollar from R12.7844‚ R14.4895 to the euro from R14.3572 and R16.549 to the pound from R16.3178.

The euro was at $1.1176 from $1.1208.

Mkhwebane made the comments at a briefing in which she also ordered a re-opening of investigations into apartheid-era transactions between the state and Absa Bank. Absa‚ which has not yet seen the report that contains the order‚ said it would study it before a possible legal review.

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