Rand firmer, but market remains volatile
Impasse in negotiations between the ANC and DA has put the local currency ‘under considerable pressure’, says TreasuryOne’s Andre Cilliers
28 June 2024 - 11:29
The rand was on track to reverse the previous session’s losses on Friday morning, but volatility remains amid uncertainty around the government of national unity (GNU).
The local currency has lost almost 2% in the past 24 hours to trade back up to R18.50/$ again, largely driven by news that there was a big disagreement between the ANC and DA, and the DA could walk away from the GNU over cabinet posts that were initially agreed on...
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