The rand is slowly losing steam after the initial recovery following Cyril Ramaphosa’s election as president of the ANC.
All the optimism about a new “president” is slowly decreasing and economists believe that the currency is falling back and aligned with previous dissertations.
This comes just after Ramaphosa’s land grab threats to seize land without compensation. This occurrence just verified that here is not much difference between Zuma and Ramaphosa’s policies, and the fact that so many Zuma loyalists favor the ANC’s so-called Top 6 and the National Executive Committee is, initial optimism turned into realism.
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