Rand, bond market appreciate after elections declared free & fair

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Rand, bond market appreciate after Elections2019 declared free & fair

JOHANNESBURG - The rand and the bond market have appreciated following the official announcement on Saturday by the Independent Electoral Commission that the elections were free and fair. The rand was trading at R14.

16 against the US dollar on Sunday morning.“The rand appreciated quite nicely and not only the rand but the bond market also appreciated quite nicely. So, the only outstanding issue at the moment is who is going to be in Cabinet,” he said.

 

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