Rand Weakens Amid Awaited Announcement on Cyril Ramaphosa's Cabinet
The South African rand marginally weakened as anticipation builds for President Cyril Ramaphosa’s new cabinet announcement. The delay is due to ongoing negotiations. Andre Cilliers from TreasuryOne states that the firmer dollar and absence of news impact the rand. The focus is on global inflation data and US Federal Reserve rates. Various market indices show mixed performances.
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