Rand Strengthens after Ramaphosa announces New Cabinet
By Ragheema Mclean The South African rand firmed on Monday morning, marking its third consecutive day of gains as investors responded positively to President Cyril Ramaphosa’s announcement of the new cabinet. After much deliberation, Ramaphosa unveiled the new ministers on Sunday night (30 June), which includes members from several parties forming the government of national unity (GNU). On Monday morning, the rand traded at the following levels against major currencies: […]
