The rand largely held onto Monday’s gains but was off its intraday best levels due to volatility in the dollar in thin trade.
The rand gained more than 2% on Monday on news that President Cyril Ramaphosa had emerged victorious in the race to lead the ANC for a second term. On Tuesday it touched an intraday best level of R17.2406/$ and at 5.27pm was trading 0.38% firmer at R17.2934/$. It had gained 0.31% to R21.0172/£, while easing 0.18% to R18.4026/€...
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MARKET WRAP: Ramaphosa relief rally lifts stocks and the randThe banks index performs particularly well, gaining the most in a day since May But blackouts remain
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