Rand fragile as political risk returns

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Cape Town – The issues plaguing the rand are re-emerging causing the currency to be on the back foot on Monday morning, last trading at around R13.63.  

Rumours of an imminent Cabinet reshuffle which surfaced on Friday have caused the rand to fall back to around R13.53 in afternoon trade, slipping further back after the weekend.

At one stage on Monday the local currency was trading at R13.68 to the greenback.

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USD/ZAR
14.05
0.0%
GBP/ZAR
19.67
0.0%
EUR/ZAR
17.10
0.0%
AUD/ZAR
11.03
0.0%
JPY/ZAR
0.13
0.0%
Gold
1,831.32
0.0%
Silver
27.45
0.0%
Palladium
2,929.64
0.0%
Platinum
1,256.50
0.0%
Brent Crude
68.28
+0.3%
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62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
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