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President Ramaphosa named Tito Mboweni as Finance Minister and kept Pravin Gordhan at Public Enterprises in a 28-ministry cabinet announced on 29 May. The rand rose after the appointments ended a delay that had weighed on markets.
A reassuring finance appointment supports the rand, which lowers the local cost of imported feed. Market impact is mainly through currency and investor sentiment.
dailymaverick.co.zaMarianne MertenMay 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
