South Africa's rand weakens on post-holiday surge in import demand
JOHANNESBURG (Reuters) - South Africa's rand fell more than 1 percent against the dollar on Tuesday, weighed down by a combination of global risk aversion and a surge in domestic corporate import demand following a public holiday on Monday. The rand hit a session low 14.4265 to the greenback and was trading 0.9 percent weaker at 14.4150 by 1027 GMT. (Reporting by Zimasa Mpemnyama; Editing by James Macharia)