Rand recovers after SONA chaos, now focus turns to Budget

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Update 22:57: Rand recovers to trade below R13.40/$.

Update 22:24: Rand firms to R13.40/$ following President Jacob Zuma's SONA after reacting sharply on scuffles inside and outside the National Assembly.

On the whole, SONA 2017 was pretty much in line with expectations, and although the pandemonium that unfolded earlier during the address was not favourable, ratings agencies and investors will not just be looking at one event, but a collective view of developments regarding where the country is headed, said Novare’s economic strategist, Tumisho Grater.

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Rand - Dollar
14.12
+0.1%
Rand - Pound
19.84
+0.1%
Rand - Euro
17.06
+0.0%
Rand - Aus dollar
10.92
-0.0%
Rand - Yen
0.13
-0.1%
Gold
1,827.17
+0.7%
Silver
27.12
+0.5%
Palladium
2,863.85
+0.1%
Platinum
1,210.00
-0.3%
Brent Crude
69.32
+1.1%
Top 40
60,211
-2.1%
All Share
66,169
-1.9%
Resource 10
69,474
-3.1%
Industrial 25
82,513
-1.5%
Financial 15
12,499
-1.1%
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