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ZAR: Rand Takes Hit With Cabinet Talks In Danger

ZAR

Spot USD/ZAR hits fresh session highs as News24 runs a report noting that the DA want President Ramaphosa to abide by his original offer re: cabinet appointments or else the deal could be off.

  • The rate topped out at 18.4197, best level since Jun 14. It last deals at 18.3825, over 2,000 pips higher on the day.
  • An earlier News24 report suggested that Ramaphosa swapped a key portfolio offered to the DA for a less impactful one, before submitting his final offer yesterday.

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