By Thursday morning, the rand had lost a little of its initial euphoria over Jacob Zuma’s resignation as SA’s president at 11pm, an hour before the ANC’s midnight deadline.The rand was trading at R11.73 to the dollar, R14.61 to the euro and R16.44 to the pound at 6.30am.Speculation that Zuma would resign in a televised address saw the rand strengthen from about R11.90/$ at 4.20pm to R11.66 when his speech finally commenced at 10.38pm.Zuma’s speech initially unsettled both South Africans and their currency. After keeping the nation waiting for more than 30 minutes, Zuma kicked off with what appeared to be his impression of Batman-villain The Joker, giving his "heh heh heh" trademark laugh and asking journalists, "Why so serious?"Zuma next adopted a belligerent tone, saying he did not fear the National Assembly’s vote of no confidence against him scheduled for 3pm on Thursday, causing the rand to oscillate wildly around R11.70/$.Finally at 11pm, he resigned. His parting shot was: "I w...
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