The South African rand weakened today as strikes continue to plague the country, now in the agricultural sector, spooking investors away from South African assets.
Protests in the grape-growing Western Cape province, which have started last week, already led to one fatality. The unrest followed mining strikes that caused 46 deaths. Such events certainly do not make the country attractive to investors, reducing value of its assets.
USD/ZAR rose from 8.9218 to 8.9340 as of 15:13 GMT today.
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