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New Cabinet Ministers Announced, Rand Pares Decline

SOUTH AFRICA

USDZAR paring gains after initial spike to 14.7486, trading through the 200-dma at 14.69. Further headlines have included:

  • *S. AFRICA APPOINTS ENOCH GODONGWANA AS NEW FINANCE MINISTER
  • S. AFRICA TO SEPARATE HOUSING AND WATER MINISTRIES (BBG)
  • S. AFRICA'S RAMPAHOSA NAMES GODONGWANA AS NEW FINANCE MINISTER (BBG)
  • S. AFRICA BRINGS INTELLIGENCE AGENCY UNDER PRESIDENTIAL CONTROL (BBG)
  • S. AFRICA'S RAMAPHOSA NAMES PHAAHLA AS NEW HEALTH MINISTER (BBG)
  • S. AFRICA'S RAMAPHOSA NAMES GUNGUBELE MINISTER IN PRESIDENCY
  • RAMAPHOSA APPOINTS PANEL TO REVIEW S. AFRICAN SECURITY AGENCIES
  • RAMAPHOSA NAMES MUFAMADI AS S. AFRICA NATIONAL SECURITY ADVISER (BBG)

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