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Rand rallies on Zuma re-election

Dec 18 2012 13:06 Reuters

President Jacob Zuma Photo: Leon Sadiki

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Johannesburg - The rand edged higher against the dollar on Tuesday after the ANC re-elected President Jacob Zuma as its leader and brought in respected businessman Cyril Ramaphosa as his deputy. 

The rand firmed to R8.5520 to the greeenback from R8.5585 before the announcement.


cyril ramaphosa  |  jacob zuma  |  rand  |  mangaung 2012  |  markets
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