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Saturday, 29 June 2024
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Friday 28 June 2024 – 11:05am
JOHANNESBURG – The Rand has plunged on news that negotiations between the ANC and the DA have hit a roadblock.
The currency tumbled to an almost two-week low after the DA said it wanted 8 ministerial posts rather than 6 that were offered.
READ: Discussion | Rand weakens as SA awaits GNU cabinet announcement
ANC President, Cyril Ramaphosa, replied on Tuesday saying the ANC could not accede to the latest proposals.
He accused the DA of moving the goalposts.
Chief Economist at STANLIB, Kevin Lings had a discussion with the eNCA.
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