Rand market 'looking favourable' after ANC vote

Cyril Romaphosa's victory in South Africa's African National Congress leader election on Monday sent the rand to its highest level against the dollar since June. The political shake-up could spark opportunities in the currency for borrowers, said bankers.

  • By William Chambers
  • 19 Dec 2017
If Romaphosa wins the South Africa presidential election in 2019, it will likely be a further boon for the country's market standing as he is seen as business friendly and keen on economic reform. He is also strong on ensuring the independence of the country's central bank, an ...

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