Rand in stable range on eve ANC elective conference
Analysts say a Ramphosa win could engender confidence, bolster the currency and stave off further rating downgrades
15 December 2017 - 10:20
The rand was in a stable range on Friday morning, on the eve of the ANC’s elective conference, a potential game changer for SA. Currency traders and wider financial markets will be keen spectators as Deputy President Cyril Ramaphosa and former African Union chairwoman Nkosazana Dlamini-Zuma square up to become the next ANC leader. Several other ANC candidates have thrown their hats into the ring to succeed President Jacob Zuma, whose tenure as the party leader and head of state has been marred by controversy.
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