South African rand tumbles as Eskom sours outlook, stocks flat

15 February 2019, News Wires — South Africa’s rand weakened past 14 per dollar on Thursday as state-owned power utility Eskom imposed a fifth day of electricity blackouts that have discouraged investors over the economy, days before the annual budget. At 1510 GMT, the rand was 1.07 percent weaker at 14.2200 per dollar, as it breached … More »