Rand loses more ground as traders mull new cabinet
President Cyril Ramaphosa’s executive has received mixed reactions from labour and opposition political parties
02 July 2024 - 10:56
The rand extended the previous session’s losses on Tuesday as investors assessed President Cyril Ramaphosa’s national executive under the government of national unity (GNU).
Ramaphosa’s “bloated” cabinet has received mixed reactions from labour federations and opposition political parties, who cast it as nothing but a DA-ANC grand coalition. ..
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