South Africa's rand weakens

South Africa's rand weakened on Monday, threatening to break through a lifetime low against the dollar as concerns over coronavirus infections and likely stricter measures weighed on already shaky sentiment, as stocks fell.
At 1510 GMT the rand traded 1.08% weaker at 17.7200 per dollar, after hitting a high of 17.5800 earlier in the session as it edged closer to an all-time worst level of 17.9950 in 2015.
Bonds continued to tumble, with the government issue due in 2030 adding 63.5 basis points to 12.305%.
On the stock market, the JSE's Top-40 index closed down 4.43% at 34,696 points, while the broader all-share index fell 4.98% to 38,267 points. A host of firms saw their shares sink by more than 10% or 15% as the coronavirus sell-off hit local stocks.
The banking sector led the fallers down 9.89%.