Ramaphosa's election is a significant event for South Africa and its economy and comes at a pivotal time for both.
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Change is imperative if South Africa is to avoid losing its last investment grade credit rating but the ANC's weekend leadership election is too close to call.
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The Rand won a stay of execution in November and, with the winds of political change blowing, newfound stability should prevail in December.
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Political and budget challenges could mean 2018 is another tough year for the Rand which could allow GBP/ZAR to break above 20.00.
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A leadership struggle in South Africa could impact on the Rand, whilst the Pound will probably take its cue from Brexit politics; meanwhile, indications from GBP/ZAR price charts are, sadly, contra…
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Strange but true: the Rand is strengthening, yet what could be propelling it higher and will it last?
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Despite a negative assessment from rating's agencies the Rand traded relatively mutedly versus the Pound, although the chart remains bullish suggesting Rand losses may follow.
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The South African currency is at risk of a sell-off on Friday as rating agencies decide whether to downgrade the country's credit rating or not, with potentially devastating consequences for its cu…
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With the election of a new President and a worsening credit rating the prospects for South Africa and its currency do not look bright, however, some currency analysts are questioning how much lower…
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