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New South African fin min to hold press conference at 11.00 GMT

Reuters reporting

  • new SA fin min Pravin Gordhan to speak to media at 11.00 GMT
  • SA ruling ANC party calls appointment of Gordhan as an "explicit demonstration of a responsive accountable govt"

No panic involved then after the Rand tumbled last week ?

USDZAR down 5% at 15.0860. Govt bonds have recovered with yield on 2026 issue down 103 bps to 9.35%

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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