---
title: "Rand drops to two-week low amidst capital inflow tax concerns"
description: "The rand has depreciated to its lowest in two weeks on speculation that South Africa may introduce measures including a tax on capital inflow to curb the strength of the rand. The discussions about the possibility of weakening the rand are contained in a document posted on the ANC's website. The rand is the second-highest performing currency since the beginning of 2009, but the ANC says these gains are hurting exports. Read more: Bloomberg"
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Business Maverick"
author: "Andy Rice"
author_url: "https://www.dailymaverick.co.za/author/andyrice/"
canonical_url: "https://www.dailymaverick.co.za/article/2010-08-04-rand-drops-to-two-week-low-amidst-capital-inflow-tax-concerns/"
published: "2010-08-04T08:51:45"
updated: "2013-02-01T20:03:00"
lang: "en-ZA"
word_count: 1
---

# Rand drops to two-week low amidst capital inflow tax concerns

> The rand has depreciated to its lowest in two weeks on speculation that South Africa may introduce measures including a tax on capital inflow to curb the strength of the rand. The discussions about the possibility of weakening the rand are contained in a document posted on the ANC's website. The rand is the second-highest performing currency since the beginning of 2009, but the ANC says these gains are hurting exports. Read more: [Bloomberg](http://www.bloomberg.com/news/2010-08-03/rand-declines-to-worst-peforming-currency-among-emerging-market-countries.html)

By Andy Rice · Published 4 August 2010, 10:51 SAST · Updated 1 February 2013, 22:03 SAST

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