South African Rand extends gains so far........>

RAND: South African Rand extends gains so far today, a broad base offered USD

against most EMs is helping provide some impetus, beside of course the {tu}

Turkish which is dealing with its own invasion issues and potential Sanctions

hanging over their heads.

Couple of overnight notes for SA: 

*Some economic proposals from Finance Minister Tito Mboweni, included a proposal

for debt-laden power utility Eskom to consider selling coal-fired power stations

to raise R450bn, roughly the same amount as its debt. The stations would then

sell electricity back to the power utility at a predefined tariff. (Fin 24) 

*This has put a positive spin into the Rand.

-On another note: The United States on Thursday sanctioned the three Gupta

brothers at the centre of the South African corruption scandal that contributed

to the downfall of former President Jacob Zuma,