MONEY LIVE | Markets, oil fall on weak Chinese data.
The rand slumped by almost 3% to R15.78/$ on Monday as traders across the world flee to safe-haven currencies. The US dollar struck a two-year high on Monday as a wave of risk aversion hit global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China.
The group reported a strong trading performance in South Africa, the UK and Australia in the second half of the financial year. Anglo said it believed all appropriate information has been provided throughout the evaluation process. Officials in the finance hub reported 51 deaths Monday, its highest daily toll despite weeks of strict containment measures, while Beijing warned of a"grim" situation as infections rise.The lockdowns will"cause a logistical problem that's going to affect not just China but also the rest of the world", OANDA's Jeffrey Halley told Bloomberg TV.
However, its 2022 performance has been aided by increased poultry sales, following the group’s investment in expanding its poultry production and processing capacity.
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