Rand weakens in response to Busisiwe Mkhwebane’s findings
The public protector found that President Cyril Ramaphosa ‘deliberately’ misled parliament about a R500,000 donation from corruption-implicated company Bosasa
19 July 2019 - 15:41
The rand dropped against the dollar on Friday on speculation that public protector Busisiwe Mkhwebane’s adverse finding against President Cyril Ramaphosa will derail his reform agenda.
The currency, which had been supported by the Reserve Bank’s decision on Thursday not to cut interest rates aggressively, fell to as low as R13.95/$, after reaching the day’s best level of R13.81...
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