The rand's depreciation, which was partly being fuelled by investor uncertainty ahead of elections in May, had a limited impact on
Moody's said the nation's low exposure to foreign currency-denominated debt was a "credit strength" and would help to mitigate the economic impact of the currency's depreciation.
The rand has lost 5.4 percent against the dollar this year, the worst performer among 16 major currencies tracked by
The ruling ANC faces its toughest election challenge yet after a series of corruption scandals and protests over a lack of jobs and housing.
"Uncertainty as to whether the acrimonious political atmosphere could have consequences for the economic policy framework is unnerving foreign investors." -
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