The rand was on the front foot on Tuesday morning, leading its emerging-market peers while investors digested the appointment of a new CEO for Eskom.

Nampak CEO Andre de Ruyter has been appointed the new head of the cash-strapped power utility as of January 15. Ruyter will succeed Phakamani Hadebe who stepped down earlier in 2019, as the state-owned entity battles financial and operational woes.  ..

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