At 1100 GMT, the rand traded at 18.1275 against the dollar, about 0.9% weaker than its previous close.
“Perceived friction between the GNU (government of national unity) partners is playing a role in today’s decline, although the rand was due for a technical correction in any case,” Danny Greeff, co-head of Africa at ETM Analytics, said.
Source link : https://www.cnbcafrica.com/2024/south-african-rand-falls-focus-on-cabinet-announcement/
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Publish date : 2024-06-24 21:42:33
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