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The rand fell to its weakest level in almost three weeks as Eskom stepped up controlled power cuts after six generating units went offline. Eskom said it would increase load-shedding from 2,000 to 4,000 megawatts, and traders noted rising bearish bets on the currency.
Power cuts weigh on South African growth and lift the rand cost of dollar-priced imports, while investor unease over state utility finances adds downside pressure on the currency.
africa.timesofnews.comFeb 11, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
