Rand extends gains as investors mull ANC NEC’s ‘non-event’
The premium investors demand to hold local sovereign bonds is the highest since January 3, Bloomberg reports
03 October 2019 - 11:12
The rand was in its second session of gains on Thursday morning, leading emerging-market currencies while investors digested the ANC's statement on its plans to grow the domestic economy.
The ruling party agreed on various proposals to boost economic growth and said it would finalise a plan for debt-ridden Eskom by the end of the month as President Cyril Ramaphosa faces pressure to implement his promised structural reform agenda...
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