Social unrest in South Africa turns to violence and looting, and Helen Zille hit with criminal case

Social unrest in South Africa turns to violence and looting, and Helen Zille hit with criminal case

The rand was steady on Thursday despite weaker-than-expected manufacturing data, supported by a subdued dollar as investors weigh up the chances of another rate hike in the US.The rand traded at 16.6149 against the dollar on Thursday, close to its previous close.South Africa’s manufacturing output fell by 4.3% year-on-year in August, after rising in July, according to Stats SA.

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Reported by businesstech.co.za.

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