September 24, 2015 / 12:36 PM / 5 years ago

South Africa's rand hits record low against dollar

South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) - South Africa’s rand fell more than 1 percent to a record low against the dollar on Thursday, weighed down by nagging concerns over sluggish domestic growth and the impact of slowing growth in China.

The rand fell to 14.0300 to the greenback at 1052 GMT, in thin trade as financial markets in South Africa were closed for a national holiday.

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