A new treasury minister, Hernan Lacunza, took charge of Argentina’s troubled economy on Tuesday after the local peso took a dive last week following business-friendly President Mauricio Macri’s harsh beating in the Aug. 11 primary election.
Sales of everything from cars to food and beauty products slowed in Argentina following a collapse in the peso currency, as suppliers held back shipments while trying to calculate how the devaluation will affect consumer prices.
With their first match of the Rugby World Cup a little more than a month away, Springbok coach Rassie Erasmus has decided to rest most of his star players in cotton wool for Saturday’s farewell test match against Argentina in Pretoria.
The South African Schools rugby team recorded their second win of the SA Rugby Under-18 International Series.
Argentina’s peso dropped again on Tuesday as market turmoil spilled into a second day following opposition candidate Alberto Fernandez’s landslide victory in a primary election that dealt a severe blow to President Mauricio Macri’s re-election chances.