The 3am conclusion of the ANC’s national executive committee (NEC) meeting with no official statement on President Jacob Zuma’s future saw the rand weaken sharply to nearly R12 to the dollar from under R11.94.But the rand proceeded to recover during the early hours of Tuesday on reports such as Reuters quoting an anonymous senior ANC source saying after the 13-hour NEC meeting: "We decided to recall Zuma. He hasn’t been told yet."The rand was trading at R11.94 to the dollar, R14.68 to the euro and R16.52 to the pound at 6.35am.Besides the "Zexit" drama dragging on, Tuesday is a busy day on the economics and corporate results fronts. SA’s fourth-quarter unemployment data is scheduled for release, along with results from Kumba Iron Ore, Harmony Gold Mine, Pan African Resources, and Comair.Kumba Iron Ore said on February 9 that it expected to report on Tuesday that its headline earnings per share (HEPS) for the year to end-December grew between 7% and 15%."The increase in headline earn...
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