Monday, December 14, 2015

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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