27-10-2016 09:37 via news.yahoo.com

South Africa's rand extends decline to 2nd day on growth worries

JOHANNESBURG (Reuters) - South Africa's rand fell for a second day on Thursday after Finance Minister Pravin Gordhan cut economic growth forecasts and predicted wider budget deficits in his mid-term budget. * Rand at 13.9575 versus the greenback by 0640 GMT, 0.47 percent weaker than Wednesday's close of 13.89. * "The immediate outlook is not clear given remaining uncertainty, now that the medium term budget policy statement is out the way, focus will shift to next week's court appearance by Gord
Read more »