South Africa's rand falls on global growth jitters

JOHANNESBURG: South Africa's rand fell one percent in early trade on Wednesday, dragged down by renewed global growth concerns that hit other commodity-linked currencies such as the Canadian and Australian dollars.

Analysts also said sentiment toward the currency was still soured by Reserve Bank Governor Gill Marcus saying on Tuesday that current levels of foreign flows into South Africa's bond market were not sustainable.

At 0722 GMT, the rand was 0.82 percent lower at 8.4327/dlr after earlier easing as low as 8.45.