The Rand enjoyed broad stability for most of last week and in fact gained on all of the G10 currencies leading up to the ANC elective conference over the weekend. The Ramaphosa result helped it kick on from Monday. The rally was aided in part by a weaker US Dollar, although it advanced far further..
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Rand turbo-boosted in the wake of Ramaphosa win
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How South Africans reacted to Cyril Ramaphosa becoming ANC president
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South Africans have gone ballistic online after the news broke that Cyril Ramaphosa is the new ANC President. CR17 has won the day, or has it? After days of waiting, South Africans were finally greeted with the news that Cyril Ramaphosa has been officially elected as the new president of the ANC. With millions of..
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Madonsela happy with court judgement on “reckless” Zuma
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The woman of the moment, former Public Protector Thuli Madonsela has welcomed Wednesday’s court ruling on the State Capture report. Madonsela says that the judgment made by Judge Dunstan Mlambo was in line with her own view of how President Jacob Zuma dealt with the report. “If someone says your house is burning, honestly, you’ve..
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“Russia could influence the ANC Elective Conference” – ISS researcher
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Well, Russia might as well make it a hat-trick after being accused of rigging the American elections of 2016, and Brexit votes in that same year. Now Putin and the gang are setting their sights on the ANC Elective Conference 2017. That’s according to Jackie Cilliers. He is a political scenario planner for the Institute..
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Cyril’s backers crack the Rand’s multi-month slump
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With the two-horse ANC presidential race beginning to lean in favour of Cyril Ramaphosa, the market is starting to price in his victory and the Rand is firming up. This was compounded with the news that South Africa managed to dodge a bullet when Moody’s decided to postpone our credit rating downgrade until the political..
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South African court doubles Oscar Pistorius’s prison sentence
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A South African appeal court has more than doubled the former Paralympian Oscar Pistorius’s prison sentence for murdering his girlfriend, Reeva Steenkamp. The supreme court of appeal (SCA) increased Pistorius’s sentence from six years in prison to 13 years and five months. Pistorius killed Steenkamp, a model and law graduate, by firing four bullets from..
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