Zuma

ZAR per USD 1 month to Dec 18 2012South African president Jacob Zuma was re-elected as ANC party leader on Tuesday, meaning he will almost certainly win a second term in the 2014 elections. The markets reacted positively to the news, with the rand strengthening 0.8 per cent to the dollar, at around 8.56.

But given that the rand has rallied in recent weeks, how significant is Zuma’s reappointment for the South African currency? Continue reading »