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The party’s National Executive Committee will hold high-stakes internal talks later on Thursday to discuss options. On the stock market, the Top-40 (JTOPI index) was up 0.1% in early trade. South Africa’s benchmark 2030 government bond was stronger in early trade, with the yield down 12 basis points at 10.610%.
South Africa’s rand made a slight recovery, having slipped the day before when the African National Congress (ANC) said it would try to form a government of national unity following last week’s election.
At 0715 GMT on Thursday, the rand traded at 18.90 against the dollar ZAR=D3, 0.2% stronger than its previous close. The ANC lost its majority in the May 29 election for the first time since coming to power 30 years ago. It said on Wednesday that it had met with all interested parties keen to contribute ideas to form a government.
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https://trendsnafrica.com/south-africas-rand-gains-traction-against-us-dollar/
The party’s National Executive Committee will hold high-stakes internal talks later on Thursday to discuss options. On the stock market, the Top-40 (JTOPI index) was up 0.1% in early trade. South Africa’s benchmark 2030 government bond was stronger in early trade, with the yield down 12 basis points at 10.610%.
