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Rand rallies on surprise secret vote call on Zuma

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Cape Town – The rand rallied to under R13.20 to the US dollar after Speaker of the National Assembly Baleka Mbete announced that the vote of no confidence in President Jacob Zuma will be done by secret ballot.

The unit was trading at R13.38 against the greenback shortly before the surprise announcement.

By 15:46 the unit was trading 1.8% firmer from its previous close at R13.19/$ after reaching R13.18.

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ZAR/USD
15.13
(-0.14)
ZAR/GBP
20.70
(-0.11)
ZAR/EUR
18.42
(-0.11)
ZAR/AUD
11.67
(-0.11)
ZAR/JPY
0.15
(-0.86)
Gold
1855.20
(+0.05)
Silver
25.47
(+0.10)
Platinum
1100.00
(+0.44)
Brent Crude
54.81
(-1.30)
Palladium
2352.23
(+0.52)
All Share
63987.92
(-0.29)
Top 40
58886.26
(-0.14)
Financial 15
11685.83
(-2.13)
Industrial 25
86576.24
(+1.21)
Resource 10
62699.98
(-1.34)
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