South African rand and stocks fall after Fed hike

South Africa's rand stumbled as much as 1.5 percent against the dollar on Thursday, reaching its weakest in nearly three weeks in a broad-based emerging market sell-off after the U.S. Federal Reserve raised interest rates and signalled more to come. The Fed move also weighed heavily on gold shares that led the stock market lower. The rand fell to 14.1800/dollar, its weakest since Nov. 25 according to Thomson Reuters data, before clawing its way back to 13.9725 by 1556 GMT, still down from Wednes