14/05/2023
Rand free falls against the Dollar.
South Africa's rand tumbled, heading for a record low against the dollar, as geopolitical risks added to investor concerns over a domestic energy crisis and global monetary tightening. The rand, often seen as a bellwether for emerging-market risk, dropped as much as 2.4% to 19.3413, its all-time low on a closing basis
The consequences of joining BRICS one is they will by all means try weaken the economies of the countries they can.