The rand traded at R15.70 (up 0.89%) to the US dollar and at R17.81 (down 0.15%) to the euro, 15 minutes before the start of President Jacob Zuma’s State of the Nation Address.
The FTSE/JSE All Share index traded at 47411.57 points (down 1.78%).
The blue-chip Top-40 index was at 42054.18 points (down 2.22%).
Right after the president finished his speech the rand traded at R15.84 to the US dollar and at R17.95 against the euro.
Click here to follow the proceedings on the EWN live blog below.