Rand remains weak but steady
THE rand remained weak but was steady amid negative global and negative sentiment in noon trade on Friday, having recouped some of its overnight losses.
The rand remained weak after testing a four-and-a-half year worst level against the dollar overnight but was off the day's worst levels in midday trade on Tuesday as hopes were rekindled that the $700-billion financial bail-out package may eventually be passed by Congress later this week.