The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
Mostly sunny. Mild.
The rand is set to benefit as fears of a trade war between the US and China have eased after both President Trump and China softened their stance overnight, say market analysts.
The rand continued to firm in the early hours of Friday afternoon, as SA analysts remained cautiously optimistic that Moody's would not downgrade SA's sovereign debt to junk.
While ratings agencies cautiously welcomed Ramaphosa's elevation to the presidency, analysts say they'll need more time to decide whether or nor to upgrade SA's poor credit ratings.
'The sentiment in SA has lifted markedly in the past four months, and with the latest influx of good news we could see the rand enjoying a favourable run in the short term,' says analyst Andre Botha.
Global ratings agency Moody’s is set to announce on Friday whether it will downgrade SA’s sovereign credit rating to junk status.
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 2 500 000
R 2 495 000
R 2 260 000
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