Rand lifts on Tuesday morning as investors consider new Eskom CEO
Globally, markets are in wait-and-see mode about US-China trade war talks amid growing concern the dispute may drag on
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. ..