As South Africa awaits President Cyril Ramaphosa's State of the Nation Address, the rand remains stable against global currencies, influenced by international geopolitical events
The rand remained stable against global currencies on Thursday and the country and investors wait to hear from President Cyril Ramaphosa , who is expected to brief the country in the State of the Nation Address later in the evening.The rand remained stable against global currencies on Thursday and the country and investors wait to hear fromThe ZAR was trading at around R18.57 to the dollar at 7:15am on Thursday.
"It is unlikely that the SONA will have a major impact. We are however watching the SONA in an attempt to gauge how much other parties in the Government of National Unity have been considered and how the GNU is holding up."Rand hinges on SONA "Rand sentiment hinges on SONA and US-China trade war developments. Stronger messaging on reforms and fiscal discipline could support South African assets," he explained.
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