South African Rand Tanks
Economists report that South Africa’s currency continues to plummet as the energy crisis continues and nationwide prices of goods increase – a recent development that some analysts credit to the incident where a United States official accused President Cyril Ramaphosa’s administration of helping Russia in its war against Ukraine. For more, reporter Zaheer Cassim produced this report from Johannesburg where he spoke to officials, experts and citizens who documented how the tanking of the local currency is impacting their livelihoods.
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