Rand slips as uncertainty around GNU casts pall

The president's cabinet choices could have significant implications for SA’s economic path

The rand was weaker on Wednesday, on track for a third consecutive day of losses, with investors watching out for new developments in the local political scene as a cabinet announcement has yet to be made.

The market is awaiting guidance by President Cyril Ramaphosa, as discussions about a government of national unity (GNU) continue. The ANC has suggested that the president is nearing an announcement on the composition of his new cabinet...

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