Rand remains weak against the dollar

JOHANNESBURG - The rand continues to hover around two-year lows against the US dollar at R17.30 to the dollar.

Analysts say local price rises may take longer to ease if the rand continues to weaken.

READ: Rand weakens further against US dollar

The rand is weakening is due to a stronger dollar.

The US currency has been strengthening as investors flee to it due to fears of a global recession and higher interest rates in that country.

A weaker rand stokes inflation and supports the case for the Reserve Bank to increase interest rates further.