South African markets rallied as news of the new GNU.
Workers wearing protective masks are seen at the reception with an electronic board displaying major indices at the Johannesburg Stock Exchange building in SandtonThe seamless process saw the rand during the day trade at around R18.06 against the dollar.
Stocks on the JSE also traded in the green with the financials index improving over six percent, with Asset Manager Old Mutual gaining over 10 percent.“As the momentum continues then stocks will continue to win, so back home we are also getting a boost from the fact that the markets are a better, full reaction to the developments that we’ve been seeing locally since Friday. Remember yesterday was a holiday and other markets were open and they were up.
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