Rand Stages Biggest Drop Since Late May as Cabinet Picks Awaited [Yahoo! Finance]
STANDARD BANK GRP SP/ADR (SGBLY)
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Source: Yahoo! Finance
who would be appointed in a new cabinet after agreeing to form a broad coalition with opposition parties. Most Read from Bloomberg How Long Can High Rates Last? Bond Markets Say Maybe Forever Nvidia Sales Grow So Fast That Wall Street Can't Keep Up Jain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018 S&P 500 Rebounds as All Megacaps But Nvidia Rise: Markets Wrap China Floats Perks for German Carmakers to Prevent EV Levies The currency fell as much as 1.5%, the steepest drop since the aftermath of the elections on May 30, to trade at 18.24 to the dollar. The yield on benchmark bonds rise 13 basis points to 11.3%. The currency pared some of the losses after the African National Congress released a statement saying that phase two of the establishment of South Africa's government of national unity, which includes appointing a cabinet, is well under way. “It is the ANC's wish to see that these processes are not unnecessarily delayed, so that the 7th administratio
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- Discovery Takes On South Africa Mortgage Market With Lower Rates [BNN Bloomberg (Canada)]BNN Bloomberg