Cyril Ramaphosa tells advisers he will step aside rather than be pushed
The president faces possible impeachment over the damning findings of the Section 89 panel into the theft at his Phala Phala farm in Limpopo
01 December 2022 - 16:07
The rand went into free fall on Thursday afternoon as the country awaited the fate of President Cyril Ramaphosa, following the release of a report on the Phala Phala scandal.
In afternoon trade the rand extended losses, falling by the most since June 2020, when the country was in the midst of the hard Covid-19 lockdown. At 3.35pm it had weakened 3.66% to R17.85/$, 4.55% to R18.72/€ and 5% to R21.81/£...
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