Rand and JSE stronger ahead of Ramaphosa’s cabinet announcement
Traditionally, the cabinet is appointed soon after the inauguration but there is no constitutional requirement on the time frame
21 June 2024 - 12:29
The rand was firmer on Friday, holding at about its best levels since August, with investors awaiting the announcement about President Cyril Ramaphosa’s cabinet members.
After Ramaphosa’s inauguration on Wednesday, the national executive was dissolved, requiring the appointment of new ministers to ensure a functional government. Traditionally, the cabinet is appointed soon after the inauguration, but there is no constitutional requirement on the time frame...
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.