MARKET WRAP: Rand reverses gains after Treasury flags ‘critical issues’
30 October 2024 - 19:34
The rand reversed earlier gains on Wednesday after finance minister Enoch Godongwana highlighted “critical issues impacting SA’s economic stability and growth” in his medium-term budget policy statement (MTBPS).
Godongwana highlighted additional capacity from energy investments, coupled with the success by the national logistics crisis committee in resolving problems in ports and certain rail corridors as positive developments...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.