JOHANNESBURG - The rand has dropped for a second consecutive day, following Monday's surge in the oil price.
A drone attack at the weekend more than halved Saudi Arabia's production capabilities.
It's seen investors rush to safe-haven assets and the rand hasn't escaped the shift.
The local currency had been strengthening in recent weeks because of a potentially lower interest rate environment globally.
That was on top of news that Moody’s might not downgrade the country’s credit rating.
The rand is about 12 cents weaker since Monday.
The Reserve Bank will consider the oil price and the movement of the currency when it decides on interest rates on Thursday.