The Rand strengthened because of Goghan’s re-appointment
Simamkele Vakaza
12 December 2015
The rand strengthened today
and bonds rallied. The currency showed its biggest one-day advance since
October 2008. But the FF Plus believes the end is nigh for Zuma. Pieter Mulder
says many people have lost confidence in the President and he has no one to
blame but himself.
“The
president for this move of re-appointing Mr Gordhan must succeed in helping to
restore the confidence in our economy”, explained Pieter Mulder.
“But it’s not going to succeed in restoring
confidence in its self” Added Mulder.
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